Page 13 - AfrOil Week 08 2023

AfrOil POLICY AfrOil

He added: “[We] need to appreciate this deal.” has said the scheme will save the West African
The National Petroleum Authority (NPA) country some $3bn in foreign exchange annu-
has also informed consumers they can look ally due to a lack of demand from the Bank of
forward to lower prices at the pumps due to the Ghana (BoG).
gold for oil scheme. It has said it will work with “This reduces the pressure on the cedi imme-
BOST to negotiate prices with international diately and, therefore, you will see much, much
traders and help regulate consumer prices. lower depreciation of the currency,” Bawumia
Ghana’s Vice President Mahamudu Bawumia said at a recent industry association event. ™

Air Liquide, Sasol sign two PPAs with

TotalEnergies for renewable power supply

SOUTH AFRICA GLOBAL industrial gases and services supplier Africa, Middle East and India, the projects will
Air Liquide and Johannesburg-based integrated “actively support the development of renewable
energy company Sasol have signed two Power energies in South Africa, for the benefit of the
Purchase Agreements (PPAs) for renewable South African electrical power system.” They
power supply with French oil major TotalEner- will also contribute to the decarbonisation of
gies and its partner Mulilo, Air Liquide said in a the Secunda site.
statement on February 21. “In line with Air Liquide’s ADVANCE stra-
The PPAs are for the long-term supply of an tegic plan, which includes reducing its absolute
additional 260 MW to Sasol’s Secunda site, in CO2 emissions by 33% by 2035, these PPAs also
South Africa, where Air Liquide operates the demonstrate the Group’s capacity to collaborate
biggest oxygen production site in the world. with its customers to provide solutions which
The first set of PPAs was signed by Air Liquide contribute to the decarbonisation of its assets as
and Sasol with Enel Green Power in January for well as of its clients,” Chalmers noted.
a capacity of 220 MW. The two companies are negotiating addi-
Together, these PPAs represent a total of 480 tional PPAs to cover the balance of the renewa-
MW of the joint commitment by Air Liquide ble energy requested, said the statement. ™
and Sasol to pursue the procurement of a total
capacity of 900 MW of renewable energy for
their operations in Secunda.
TotalEnergies and Mulilo will create one
local majority-owned wind project with a capac-
ity of 140 MW and one local majority-owned
solar project with a capacity of 120 MW, the
statement said. The projects are scheduled to be
operational in 2025, subject to regulatory and
financial approvals.
According to Ronnie Chalmers, vice pres-
ident of the Air Liquide group in charge of The PPAs provide for 260 MW of supply to Sasol’s Secunda site (Photo: Air Liquide)

PROJECTS & COMPANIES
Malabo signs PSCs for 3 offshore blocks

EQUATORIAL GUINEA EQUATORIAL Guinea’s Ministry of Mines and Block EG-31.
Hydrocarbons announced on February 20 that Africa Oil Corp. of Canada will be the major-
it had signed new agreements with international ity shareholder in and operator of both sites,
oil companies (IOCs) for three offshore blocks. with equity stakes of 80%. The remaining 20%
will remain in the hands of Equatorial Guinea’s
Africa Oil Corp. national oil company (NOC) GEPetrol, which
Two of the agreements are production-shar- will have an option to expand its participating
ing contracts (PSC) covering Block EG-18 and stakes by up to 15%.)

Week 08 23•February•2023 www. NEWSBASE .com P13