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Bruce Robertson
Japan will cease to be a major buyer of Northern Territory gas
Ask anyone in business what the first rule of thumb is and they’ll tell you straight: you have to listen to what your customers want. Simple, right? But that’s exactly what two of the biggest names in the Northern Territory gas industry, Origin and Inpex, are failing to do. They’re pushing to open up huge […]
IEEFA
Bloomberg: Egypt has begun talks over plans to sell electricity to Europe and Africa, pressing its advantage as a producer of cheap renewable energy in a bid to become a regional export hub, the head of its sovereign wealth fund said. The nation, which has a surplus of electricity, sees unspecified “power-hungry” countries to the […]
IEEFA
ReNews.biz: The government of Egypt has signed an agreement with Vestas and other European partners to develop a 250MW wind project located in the Gulf of Suez. The project’s investment cost will total €228m, to be financed through an umbrella agreement between the Arab Republic of Egypt, the French Development Agency, the EU, the European […]
Simon Nicholas
Chinese investments advance solar projects while saddling countries with costly and risky coal plants
May was a big month for solar power announcements in Africa. Algeria endorsed a huge 4GW, five-year solar plan that will install 10 times the nation’s solar power capacity for an investment of $3.2bn-$3.6bn. Further south, there were significant developments on either side of the Zambezi. Zimbabwe announced an invitation to bid for 500MW of […]
Press Release, Simon Nicholas and Sara Jane Ahmed
Investments in renewable energy and grid are needed to meet lower-than-expected demand slowed further by COVID-19
18 May 2020 (IEEFA Australia) ‒ Bangladesh’s plan for significant coal- and LNG-fired power plant additions will lock the nation into substantial overcapacity, with major financial implications, according to a new study released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The coronavirus pandemic is currently lowering power demand significantly in Bangladesh, […]
Simon Nicholas
Cancellation of huge BRI coal plant highlights overcapacity risk in Pakistan and Bangladesh
The 6.6 gigawatt Hamrawein coal power proposal in Egypt has been shelved because of over-capacity concerns and a growing preference for renewable energy. Hamrawein was a proposal led by a consortium of China’s Shanghai Electric, Dongfang Electric and Egypt’s Hassan Allam Construction. THE INDEFINITE POSTPONEMENT OF THE ENORMOUS BELT AND ROAD PROJECT, which would have […]
IEEFA
Daily News Egypt: The Ministry of Electricity decided to postpone the construction of the Hamrawein coal-fired power plant with a consortium of China’s Shanghai Dongwei Electric Appliance Company and Egypt’s Hassan Allam Holding. A source close to the deal told Daily News Egypt the consortium has not been officially informed yet of the decision, but […]
IEEFA
MEED: The ongoing coronavirus crisis and low oil prices have made the region’s oil-exporting economies that have identified tourism, hospitality and logistics as key pillars of their economic diversification programmes especially vulnerable. The interlocking crisis could also affect the region’s nascent renewable energy programmes. Up to 90GW of renewable energy capacity, mainly solar and wind […]
IEEFA
Quartz: The stats tell a grim story: Africa is the world’s least electrified continent and its electrification rate is growing slower than anywhere else. To shore up the deficit as national grids lacking lack capacity and efficiency to power homes, solar power has often been deployed as a viable alternative—despite bureaucratic skepticism. Yet there’s evidence […]
IEEFA
Smart Energy International: Countries in Africa and the Middle East will install up to 10.7GW of wind energy capacity between 2020 and 2024, according to the Global Wind Energy Council (GWEC). The 10.7GW will mark a 167% increase from the current market status. The region experienced a 7% decline in installed wind energy capacity in […]
IEEFA report: Bangladesh’s power system headed for financial disaster due to overcapacity in coal, LNG power
Investments in renewable energy and grid are needed to meet lower-than-expected demand slowed further by COVID-1918 May 2020 (IEEFA Australia) ‒ Bangladesh’s plan for significant coal- and LNG-fired power plant additions will lock the nation into substantial overcapacity, with major financial implications, according to a new study released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The coronavirus pandemic is currently lowering power demand significantly in Bangladesh, […]