Page 11 - AfrOil Week 23 2021

AfrOil PROJECTS & COMPANIES AfrOil

Egypt kicks off work at

Suez petrochemical facility

EGYPT EGYPTIAN Prime Minister Mostafa Madbouly El-Sisi has instructed the zone’s developers to
this week attended a ground-breaking ceremony focus on investments aimed at localising tech-
for the start of construction at a new $7.5bn pet- nology and industrial capacity as well as boost-
rochemical facility in the Suez Canal Economic ing employment.
Zone (SCZone) in Ain Sokhna. With this in mind, the petrochemical facility
The ceremony follows a financing deal for the is of particular interest, given that it is expected
facility between the Red Sea National Refining to add around 15,000 jobs. (This figure appears
and Petrochemicals Co. and the SCZone, which to apply only to the construction and develop-
was announced in April. ment phase, though.)
The 1mn tonne per year (tpy) facility will Meanwhile, El-Molla said that the facility is
produce a range of refined products, includ- being built on an area of 3.56 square km allo-
ing polyethylene, polypropylene, polyester and cated to the SDZone’s Main Development Co.
bunker fuel, when it comes on stream in early (MDC).
2024. In doing so, Cairo expects that it will make
a significant contribution towards reducing the
country’s petroleum product import bill.
Also in attendance at the ceremony were
Minister of Petroleum and Mineral Resources
Tarek El Molla, Minister of Transportation
Kamel El Wazir, Port Said Governor Adel
El-Ghadban, Governor of Suez Abdel Majid
Saqr, Governor of Ismailia Sherif Bishara and
Chairman of the SCZone Yehia Zaki.
The Prime Minister said SCZone is one of the
country’s most important national projects, not-
ing that President Abdel Fattah el-Sisi maintains
a keen interest in its progress. Egyptian PM Mostafa Madbouly (Image: Wikipedia)

Orezone and Genser sign PPA for

LNG-to-power project in Burkina Faso

BURKINA FASO US-BASED Genser Energy has agreed to set up Later, Genser intends to expand the plant’s
a small-scale LNG-fuelled power plant in Bur- total capacity by 14 MW through the installa-
kina Faso to Orezone Gold Corp. (Canada) for tion of solar power units that will be installed
use at the Bomboré gold mine. The deal makes in stages. These units will be connected to the
the Canadian company the first mining opera- LNG and diesel generators via an 11-kV trans-
tion in Burkina Faso to use LNG as a source of mission line.
energy. The power plant’s configuration is “sized
According to a statement from Orezone, the for [Orezone’s] initial oxide operation and the
parties have signed a power purchase agree- planned sulphide expansion” of the Bomboré
ment (PPA) that provides for Genser to install a mine, the statement noted.
power plant consisting of six LNG-fuelled gen- The PPA includes a “[fixed-rate] energy tariff
erators, each with a capacity of 2.5 MW, and four [that] will apply over the life-of-mine (‘LOM’)
back-up diesel generators, each with a capacity oxide operation, with a fixed-rate tariff to be
of 2.6 MW. These LNG-burning units will pro- negotiated for the additional energy demand
vide the majority of the electricity needed to upon commissioning of the sulphide-process-
power Orezone’s Bomboré gold mine, the state- ing circuit expected in year three of commercial
ment said. production,” it added.

Week 23 09•June•2021 www. NEWSBASE .com P11