Page 19 - AfrOil Week 08 2023

AfrOil NEWS IN BRIEF AfrOil

business new africa bna/IntelliNews

Zenith has not provided for the potential recov- are a result of the trust we have built up with creations.
ery of such costs in its cashflow projections. our long-term clients and partners by continu- “Power generation in South Africa is still 80%
Therefore, any success in this matter would ally delivering for them. We are delighted that based on coal and power cuts occur daily. With
enhance the Company’s cash position. TotalEnergies EP Angola is showing continued these developments we are proud to support Air
Luca Benedetto, Chief Financial Officer of confidence in our technologies and integration Liquide and Sasol for their supply of green elec-
Zenith, commented: “This represents disap- capabilities.” tricity. Meanwhile, we are pleased to contribute
pointing news. However, the Company’s oppor- For TechnipFMC, a ‘significant’ contract is to South Africa’s energy transition which con-
tunity to recover an amount of approximately between $75mn and $250mn. This award was sists of increasing its share of renewables and gas
$15mn due to past activities in connection with included in inbound orders in the fourth quar- as an alternative to coal,” said Vincent Stoquart,
the Republic of the Congo remains unchanged. ter of 2022. Senior Vice President, Renewables at TotalEn-
This will now become our primary focus, whilst TechnipFMC, 20 February 2023 ergies. “There is a dynamic market for corporate
we continue to work towards completing our PPAs in South Africa and we want TotalEnergies
acquisitions in other jurisdictions for large, rev- TotalEnergies signs to take a strong leadership position.”
enue-generating energy production and devel- The two projects are expected to be oper-
opment assets with transformational potential.” Renewable Power Purchase ational in 2025. The CPPAs with Sasol and
Zenith Energy, 17 February 2023 Air Liquide were signed with a consortium of
TotalEnergies Marketing South Africa (70%),
TechnipFMC awarded Agreements with Sasol and its partner Mulilo (17%) and a to-be-announced
Air Liquide
B-BBEE partner (13%).
contract by TotalEnergies TotalEnergies has signed Corporate Power Pur- approvals.
These projects are subject to regulatory
for Girassol Life Extension chase Agreements (CPPA) with Sasol South TotalEnergies Marketing South Africa is a
Africa and Air Liquide Large Industries South South African registered company of TotalEn-
(GIRLIFEX) project Africa for the supply of 260 MW capacity of ergies (50.1%) and a number of South African
BBBEE investors (49.9%).
renewable electricity over 20 years.
TechnipFMC has been awarded a significant TotalEnergies will develop a 120-MW solar TotalEnergies, 23 February 2023
contract to supply flexible pipe and associated plant and a 140-MW windfarm in the Western
hardware for the first subsea life extension pro- Cape province to supply around 850 GWh of Tanzanian billionaire’s
ject by TotalEnergies EP Angola and its Block 17 green electricity per year to the Sasol’s Secunda
Partners in West Africa. site, located 700 km further North-East, where Taifa Gas to establish LPG
The contract covers the engineering, procure- Air Liquide operates the biggest oxygen produc-
ment, and supply of flowlines and connectors for tion site in the world. storage, packaging facility
the Girassol Life Extension project (GIRLIFEX), The two projects will provide competitive and
offshore Angola. The flexible pipes will extend available renewable electricity to decarbonise in Kenya
the life of the Girassol field by bypassing the rigid Sasol and Air Liquide’s production. These agree-
pipe bundles installed before production began ments demonstrate TotalEnergies’ positioning Kenya has given a Tanzanian billionaire per-
in 2001. to contribute to the evolution of the energy mix mission to set up a cooking gas plant and related
Jonathan Landes, President, Subsea at Tech- in South Africa. The projects will have a direct storage facilities near the port of Mombasa, Busi-
nipFMC, commented: “Awards like GIRLIFEX impact on the local community through job ness Daily reports.
Energy and Petroleum Regulation Authority
(EPRA) said it has cleared Taifa Gas, owned by
Rostam Aziz, to commence operations.
He had long lamented that Kenya had gone
quiet over his enquiries, beginning in 2017, to
build a 30,000-tonne LPG handling facility in
the country.
The delay in licensing Taifa Gas is linked to
the protection of a politically influential busi-
nessman in Kenya who controls the LPG market,
according to Business Daily.
The entry of Taifa Gas into Kenya is part of a
trade deal agreed upon in 2021 by Kenya’s former
president Uhuru Kenyatta and the current head
of state of Tanzania, Samia Suluhu Hassan.
Taifa Gas is the largest LPG supply company
in Tanzania and has been feeding the Kenyan
retail market via road. It is now looking to serve
its East African neighbour through the facility
at the Special Economic Zone in Dongo Kundu,
outside Mombasa. It was earlier estimated to cost
$130mn.
bna/IntelliNews, 23 February 2023

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