Page 15 - AfrElec Week 10 2023

AfrElec NEWBASE POWER ROUNDUP GLOBAL (NRG POWER) AfrElec

NewsBase Power Roundup Global

[NRG Power]

POWER WELCOME to NewsBase’s Power Roundup year ban on Australian coal making its way
Global (NRG Power), in which the reader is to the country. Traders in coal, prompted by
invited to join our team of international editors, coal-hungry utilities across China, were giv-
who provide a snapshot of some of the key issues en the green light on imports from Australia a
affecting their regional beats. We hope you will like month earlier, when authorities in Beijing per-
NRG Power’s new concise format, but by clicking mitted four central government-linked firms
on the headline link for each section the full text to open the door to Aussie coal.
will be available.
ENERGO: Wind, solar slash gas costs in EU
AfrElec: Nigeria awards $1.3bn Zungeru by $12.7bn since Russia invaded Ukraine
hydroelectric plant contract to Mainstream The growth of wind and solar power has helped
Energy Solution to cut natural gas costs by €12bn ($12.7bn) in
Nigeria has awarded a contract to operate and the EU since Russia invaded Ukraine just over
manage the 700-MW Zungeru hydroelec- a year ago. The crisis in Ukraine brought to
tric power plant to local energy firm Main- light the high cost of relying on fossil fuel im-
stream Energy Solution Ltd (MESL). The ports. Russia is a major exporter of oil and gas.
Chinese-funded HPP, which is being built for
$1.3bn in the north-western state of Niger, is REM: US is developing enough wind, solar
expected to provide a boost to Nigeria’s erratic to reach net-zero target in 2050
power supplies. A new report by Climate Central finds that
America’s capacity to generate carbon-free
AsiaElec: China reacts to end of unofficial energy from solar and wind power grew dra-
ban on Aussie coal matically during 2022. The capacity to gener-
Chinese coal buyers have increased their for- ate electricity from solar and wind increased
ays into Australian coal purchases in the past across the country to more than 238 GW in
month with the easing of an unofficial two- 2022 – up nearly 13 GW from 2021.

Week 10 08•March•2023 www. NEWSBASE .com P15