Author Archive: Simon Nicholas

Energy Finance Analyst Simon Nicholas, a fellow of the Institute of Chartered Accountants of England and Wales. Nicholas joined the IEEFA team in July 2016, after 16 years’ experience within the finance industry at ABN Amro, Macquarie Group and Commonwealth Bank of Australia in both Sydney and London.

IEEFA: High fossil fuel costs and unnecessary power developments like Lamu will lead to expensive electricity bills for Kenyans

Kenya should make the most of its abundant renewable energy resources and reduce costs for consumers

The belated release of Kenya Power’s financial results for the year ended 30 June 2019 confirmed what was already known – that new renewable energy installations have replaced thermal power in Kenya’s energy mix. New power generation from the Lake Turkana Wind Power project – the largest wind power installation in Africa – resulted in […]

November 11, 2020 Read More →

IEEFA: As owner of India’s most valuable energy company, the Adani Group should lead the country’s energy strategy

Adani Green Energy’s market value is now 40% more than NTPC’s, but the wider group faces a growing ESG risk

11 November 2020 (IEEFA India): A new IEEFA report identifies the opportunity for the Adani Group to lead Indian energy strategy by further aligning itself with the government’s vision for energy independence and fast-growing reliance on renewables. “The soaring value of Adani Green Energy is a clear indication of where the market, and this group, are […]

IEEFA South Africa: Coal market conditions have ‘deteriorated materially’

The Asian seaborne thermal coal pool is drying out

Resource Generation Ltd’s proposed but long delayed Boikarabelo coal mine in South Africa’s Waterberg Coalfield has hit trouble after a key member of its funding consortium pulled out. The Industrial Development Corporation of South Africa (IDC) has cancelled all previously approved facilities due to its view that “the market conditions under which the Boikarabelo Coal […]

November 6, 2020 Read More →

IEEFA update: New solar energy plan for Bangladesh provides solutions to overcapacity, energy security and rising costs

A shift in focus to renewables would help to reduce the need for power subsidies or tariff increases

A new National Solar Energy Action Plan that has reportedly been drafted by SREDA – the Sustainable and Renewable Energy Development Authority – could be a significant and timely turnaround in Bangladesh’s renewable energy ambition. The report is coming at a time when Bangladesh is considering abandoning further coal-fired power development which has become increasingly […]

November 5, 2020 Read More →

IEEFA: Sri Lanka must learn lessons from around Asia to avoid further electricity crises

Overcommitment to fossil-fuelled power generation is leading to excess capacity and rising capacity payments, subsidies, and tariffs around the continent

Sri Lanka’s electricity issues made international headlines in August 2020 when a technical issue at a substation caused a blackout that left the entire nation without power. This incident followed widespread power shortages across the country in 2019 as drought impacted Sri Lanka’s hydro power generators. However, with a lack of new capacity construction being […]

October 1, 2020 Read More →

IEEFA op-ed: Major solar proposal can diversify economy and reduce power cost for Botswana

5 gigawatt plan could reverse the flow of power in southern Africa

A proposed 5 gigawatt (GW) solar power program to be developed jointly by Botswana and Namibia would become a landmark power deal in Africa and help diversify their economies. Both nations currently import expensive power from South Africa, but full implementation of the proposal would make Botswana and Namibia new energy leaders in Africa. Ambitious […]

September 28, 2020 Read More →

IEEFA op-ed: Last hopes for demand growth set to disappoint thermal coal exporters

Asian thermal coal exporters are fighting an uphill battle even in new markets

The world’s largest thermal coal exporter is eyeing new markets as its largest export destinations threaten to cut imports. Indonesia is targeting Bangladesh, Pakistan and Vietnam as China and India seek to curb thermal coal imports into the long term. As a result, Australian and South African thermal coal exporters aren’t going to have it […]

September 16, 2020 Read More →

IEEFA: Pakistan’s new 27-year power plan risks locking in long-term overcapacity, leaving imported coal and LNG plants stranded

Wind and solar, the country’s cheapest source of new generation, also overlooked

3 September 2020 (IEEFA Pakistan): Pakistan risks locking itself into building more power capacity than it needs as a result of over-optimistic energy demand growth forecasts that do not take into account the impact of COVID-19, according to a new IEEFA report. Pakistan’s state-owned National Transmission and Despatch Company (NTDC) published its latest long-term power […]

IEEFA Africa: Botswana plans more coal-fired power as African solar accelerates

An African economic leader like Botswana should embrace solar to reduce subsidies and tariff hikes

As Sub-Saharan solar ambition has scaled up, Botswana has awarded its first ever power generation licenses to independent power producers (IPPs) – all three of them coal projects. Most of the planned power generation is expected to export electricity to Botswana’s neighbours. Energy & Natural Resource Corporation’s planned 600 megawatt (MW) coal-fired power station is […]

IEEFA update: Is Bangladesh’s government turning away from coal?

In late June, state minister for power Nasrul Hamid stated that the Bangladesh government was seriously reconsidering the nation’s plans for coal-fired power plants. According to comments made at a Centre for Policy Dialogue web discussion, Bangladesh is now considering limiting coal-fired power development to five gigawatts (GW), and with a greater focus on more […]