Page 12 - AfrElec Week 46 2022

AfrElec POLICY AfrElec

Egypt signs nine renewable

agreements worth $83bn at COP27

EGYPT EGYPT signed nine green energy framework a 10GW wind project in Egypt. Masdar also
agreements with international companies worth signed an agreement for another two-gigawatt
$83bn in cash and kind at the UN climate sum- green hydrogen production plant on Egypt’s
mit COP27 in Sharm El-Sheikh, positioning the Mediterranean coast.
country as a green hydrogen hub. Dubai’s AMEA Power plans to develop a
The partnerships will establish facilities that 1,000-megawatt green hydrogen project with a
will collectively produce up to 7.6mn tonnes production capacity of 800,000 tonnes of green
of green ammonia and 2.7mn tonnes of green ammonia a year. In addition, Saudi Arabia’s
hydrogen annually in the Suez Canal Economic Alfanar signed an agreement for a 500,000-
Zone along the Red Sea. tonne green ammonia facility. Green ammonia,
They are a step forward from the 16 prelimi- used for agricultural fertilisers, can be made
nary agreements the economic zone signed since with hydrogen from water electrolysis and nitro-
March. The next steps will be for the companies gen from the air.
to conduct feasibility studies in the coming Separately, a consortium consisting of Nor-
months before making final investments. The way’s Scatec, Fertiglobe, Orascom Construction
agreements will help Egypt reach its target to and the Sovereign Fund of Egypt is building a
source 42% of its energy from renewable sources 100MW facility which will deliver up to 15,000
by 2035, up from about 11% in 2019. tonnes of green hydrogen annually. This will be
UAE’s renewable energy producer, Masdar, used as input for green ammonia production.
was one of the largest investors, signing four India’s largest renewable energy company,
agreements. It partnered with Egypt’s Infinity ReNew Power, and Egyptian multinational,
Power Holding and Hassan Allam Utilities to Elsewedy Electric, signed an agreement for an
establish a two-gigawatt facility that will produce $8bn project that will produce 220,000 tonnes
up to 480,000 tonnes of green hydrogen per year. of green hydrogen and 1.1 million tonnes of
The same Masdar-led consortium announced ammonia per year. ™
Copperbelt Energy sues ex-

ZESCO board member

ZAMBIA THE Copperbelt Energy Corporation (CEC), a ZESCO. Chitala, in the book, further alleges that
major Zambian independent power producer, CEC “wantonly” stopped supplying electricity to
has sued a former board member of the national domestic customers, concentrating, instead, on
power utility for defamation. selling power to mining companies.
Mbita Chitala, an ex-board chairperson of CEC, which accounts for 45% of the south-
ZESCO Limited, the power utility, published a ern African nation’s power needs, contends that
book, Corporate Capture: The Political Econ- allegations levelled against it in the book mean
omy of Electricity Management in Zambia that the plaintiff is engaged in bad corporate gov-
(How Not to Manage a State Enterprise) in Janu- ernance. It wants the court to compel Chitala to
ary 2022 which alleges bad business conduct by pay exemplary damages for defamation and any
CEC. other reliefs the court may deem fit.
Among other claims, Lusaka Times reported After the book was published, CEC issued a
on Friday (November 11), is that CEC, listed on statement expressing displeasure over some rev-
the Lusaka Stock Exchange, colluded with influ- elations against it. However, Chitala said then
ential individuals between 2014 and 2021 to dis- that he was on “firm ground,” and that he had
advantage ZESCO in the power supply business. not abrogated his oath of office by divulging cor-
CEC complains in its statement at the Zambia porate matters after leaving office, according to
High Court of Chitala’s claim that the company the Zambia Daily Mail.™
did not respect its bulk supply agreement with

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