Page 17 - AfrElec Week 36 2022

AfrElec NEWSBASE’S POWER ROUNDUP GLOBAL (NRG POWER) AfrElec

NewsBase’s Power Roundup

POWER WELCOME to NewsBase’s Power Roundup REM: Dominion may abandon 2. 6-GW wind
Global (NRG Power), in which the reader is project off Virginia if regulators require perfor-
invited to join our team of international editors, mance guarantee
who provide a snapshot of some of the key issues Dominion Energy Virginia says it will abandon
affecting their regional beats. We hope you will like its planned 2. 6-GW offshore wind farm off the
NRG Power’s new concise format, but by clicking US Mid-Atlantic coast if state regulators do not
on the headline link for each section the full text reverse their decision to guarantee a certain
will be available. performance for the $9. 8bn project. Dominion
has requested a rehearing from the State Cor-
AsiaElec: Africa seeks Japanese renewables in- poration Commission.
vestment
The Japanese renewables industry is being ENERGO: Romania adjusts and prolongs “cap
courted by the Ivory Coast-based African De- and subsidy” scheme for energy prices
velopment Bank in a bid to attract investment The government of Romania passed an emer-
in energy projects across the continent. Speak- gency decree on September 1 amending and
ing at the August 27and 28 Tokyo Internation- prolonging the decree OUG 27/2022issued in
al Conference on African Development (TI- February pertaining to the so-called “cap and
CAD8)in the Tunisian capital of Tunis, AfDB subsidy” scheme aimed at protecting end-us-
President Dr. Akinwumi Adesina said: “In ers from excessive rises in electricity and nat-
2020, Moody’s Analytics performed a 10-year ural gas prices. The new decree prolongs the
cumulative assessment of global infrastructure validity of the scheme until the end of August
debt default rates, by region. “ 2023 (from the end of March 2023) and seeks
to secure a better balance between the cost of
the subsidies and the revenues generated from
the “solidarity contributions”, which are taxes
levied on the “windfall revenues” derived by
energy companies.

Week 36 08•September•2022 www. NEWSBASE .com P17