Page 12 - AfrElec Week 03 2021

AfrElec NEWS IN BRIEF AfrElec

GAS-FIRED GENERATION a record high of 103.36 mcf (2.927 mcm) publishing its inaugural Sustainability Report
per day achieved on December 15, 2020; this year.
Wentworth Resources demonstrating both the capabilities of the commencement of Wentworth’s dividend
Sustainable dividend policy: Since the
field and the potential for natural gas demand
issues operational update, to dramatically increase during the hot, dry policy in September 2019, the Company
season. Production guidance for full year 2021
has made distributions totalling $4.2mn to
2021 production guidance has been set at 65-75 mcf (1.841-2.124 mcm) shareholders.
The Company will declare its final dividend
per day (gross) Financial: Interim dividend
Wentworth Resources, the of $1.2mn paid in October 2020, an increase for year ended 2020 along with the Company’s
of 20% from the Company’s maiden interim
Final Results expected in April 2021.
independent, Tanzania- distribution of $1.0mn in 2019. Total dividend WENTWORTH RESOURCES
distributions paid to shareholders during the
focused natural gas 2020 calendar year increased to $3.2mn. Debt WASTE-TO -POWER
free with $17.8mn cash on hand at December
production company, is 31, 2020 (unaudited). The JV Partners have Egypt to invest $15m in
agreed a 2021 firm work programme totalling
pleased to announce the approximately $4.4mn net to Wentworth. power supplies to Bahr
Strengthening of working partnership with
following operational Tanzania Petroleum Development Corp. Al-Baqar wastewater
(TPDC), which continues to settle all gas sales
update and provide invoices in full as they fall due and remains treatment plant
fully current with payments Discussions with
production guidance for Tanzania Electric Supply Co. (TANESCO) The Egyptian government is providing $15mn
are on-going to settle all remaining arrears,
2021. which currently stand at 15 months totaling to the National Authority for Drinking
Water and Sanitary Drainage (NOPWASD).
approximately $1.3mn net to Wentworth.
Operational: The health and safety of our Sustainable growth: Sustainable and The funds will enable the Bahr Al-Baqar
employees remains a top priority and robust responsible growth in Tanzania that protects wastewater treatment plant to be connected to
precautionary measures remain in place to long-term shareholder returns remains a Egypt’s national electricity grid.
ensure the continued safety of our staff; to priority for the business. 2020 was a very The project to build the Bahr Al-Baqar
date, there have been zero reported cases active period for the Company with a number wastewater treatment plant is progressing.
of COVID-19 at Mnazi Bay. Mnazi Bay of discussions initiated to support our growth The National Authority for Drinking Water
continues to remain fully operational with ambitions and these remain on-going with key and Sanitary Drainage (NOPWASD) of Egypt,
no material adverse impact on supply from stakeholders in Tanzania. Our commitment which is implementing this project, already
the pandemic.2020 full year production to further growth in Tanzania is underpinned wishes to connect this sanitation facility to the
averaged 65.36 mcf (1.851 mn cubic metres) by our long track record in-country and national electricity grid. It has just received
per day (gross), within the annual production the increasing requirement for a reliable, the necessary funding for the implementation
guidance range of 60-70 mcf (1.7-1.98 affordable and low-carbon energy supply. of this component of the mega project for
mcm) per day (gross). Repairs to the MB-2 Wentworth’s robust gas-to-power production the reuse of treated wastewater in the Sinai
flowline were completed on December 9, platform is well-positioned to service this Peninsula.
2020, increasing the capacity of the field to future demand growth, working hand-in- The 236mn Egyptian pounds (more
over 100 mcf (2.8 mcm) per day. December hand with low carbon technologies, such than 15mn dollars) is allocated within the
2020 production averaged 82.93 mcf (2.348 as hydropower. During 2020, the Company framework of the plan for the fiscal year
mcm) per day (gross), with five days reaching undertook a strategic review of its ESG 2020/2021. The Bahr Al-Baqar wastewater
103 mcf (2.917 mcm) per day (gross), and priorities and reporting and looks forward to treatment plant is being built by Arab
Contractors (Arabco) and Orascom
Construction. The plant will recover the
wastewater that flows along the Bahr al-Baqar
drain. It meanders over 106 km, from the
governorate of Dakahlia to Sharqia, and from
the governorate of Ismailia to the governorate
of Port Said.
The effluent that enters the drain during
the journey comes from Sinai households,
industries and plantations in the region. The
plant that will handle this wastewater will
have a capacity of 5mn m3 per day, making it
the largest in Egypt and one of the largest on
the African continent, if not the world. The
project is mainly aimed at restoring 138,600
hectares of plantation east of the Suez Canal,
through the reuse of treated wastewater for

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