Page 11 - AfrOil Week 47 2022

AfrOil POLICY AfrOil

On Sunday, November 20, Eskom announced
that stage 5 loadshedding would be imple-
mented during the evenings from 4:00 p.m.
until midnight from Monday to Wednesday and
between stages 2 and 4 during the day.
The DPE said its minister, Pravin Gordhan,
met Eskom board members led by chairperson
Mpho Makwana on the night of November 20
as a result of serious concerns about the risk
of higher levels of loadshedding in the coming
months.
“All possible efforts are being made to ensure
all the measures in the national electricity plan
are implemented,” the DPE said, as quoted by
BusinessLIVE. The load-shedding schedule unveiled by Eskom on November 20 (Image: Eskom)
According to the department, immediate
targets include: exceptional interventions that must be made to
·Looking for savings within existing create more reliability in their performance; and
Eskom funds for the purchase of diesel and ·Urgently seeking the assistance of all law
maintenance; enforcement bodies to immediately stop local-
·Board assessment of the challenges Eskom level disruptions and criminal activities that
faces in its fleet of power stations and the affect power stations. ™

PROJECTS & COMPANIES
Nigeria in deal with CarbonAi to develop

solar energy projects near gas flare sites

NIGERIA NIGERIA’S Rural Electrification Agency (REA)
has signed a memorandum of understanding
(MoU) with CarbonAi, a Canadian oil and nat-
ural gas company, to develop small-scale solar
energy projects in the West African country.
The REA will build the solar projects, fund-
ing them through carbon credits generated by
flare gas capture projects, which will be financed
and developed by CarbonAi, which has such
projects in Nigeria.
Based in Calgary and Dubai, the company
provides full-cycle flare gas capture services for
fully integrated greenhouse gas (GHG) reduc-
tion projects.
Gas flaring is the burning of natural gas
from oil extraction. It has come under attack for
producing high levels of greenhouse gases and
become a target for countries fighting climate
change. Nigeria has the third-highest number
of gas flares globally and is now seeking to earn
carbon credits by cutting down on gas flaring REA and CarbonAi representatives, shown at the MoU signing (Image: REA)
through capture projects.
The REA, according to the MoU, will find partner in Nigeria,” stated CarbonAi’s chief car-
opportunities for solar energy near CarbonAi’s bon officer, Yvan Champagne. “We are strong
flare gas capture projects in Nigeria, while Car- believers in win-win outcomes, and we believe
bonAi will apply its expertise in carbon finance our Climate Dividend Programme captures
and quantify, verify and monetize greenhouse the spirit of the energy transition by leveraging
gas emissions. immediate reductions in today’s energy system
“We are excited to work with the REA as to build the energy system of tomorrow in Nige-
our CarbonAi Climate Dividend Programme ria.” ™

Week 47 24•November•2022 www. NEWSBASE .com P11