Largest Egypt solar project Kom Ombo receives $114m funding

Energy generation and desalination company Acwa Power has secured a $114-million financing package for the construction of the largest private solar power plant in Egypt. The Kom Ombo plant will contribute to the Egyptian government’s target to generate 42% of the country’s electricity from renewable energy sources by 2035, while delivering one of the lowest generation tariffs on the continent.
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Proposed regulation lifting ‘embedded generation’ licence-exemption cap to 10 MW released …

Mineral Resources and Energy Minister Gwede Mantashe has released, for public comment, an amendment to the Electricity Regulation Act, proposing an increase in the licensing-exemption threshold for embedded power generation plants from 1 MW to 10 MW. The Gazette notice, which was published on April 23, follows President Cyril Ramaphosa’s February State of the Nation announcement that Schedule 2 of the Electricity Regulation Act would be amended to increase the licensing threshold for embedded generators.
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Concerns about RMIPPPP

Creamer Media’s Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about concerns raised about the architecture of the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) and the powership projects that have been selected as preferred bidders under the RMIPPPP.  
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Significant gas supply opportunity for company

Power generation, while remaining South Africa’s largest barrier to economic growth, provides piped natural gas supplier Egoli Gas with a significant opportunity to provide more piped natural gas for the local industry, says Egoli Gas MD Vishal Pooran. “We are all aware of the current challenges regarding the inconsistent electricity supply from power utilities.  Government has already licensed and granted approval on embedded generation of up to 10 MW without having to obtain Ministerial approval.”
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Low price could boost LNG development

A decrease in oil demand and, consequently, in prices last year because of Covid-19 also resulted in lower prices for liquefied natural gas (LNG). Business research consultancy Birguid associate researcher Patience Panashe argues that LNG buyers can take advantage of this to import LNG into South Africa at lower prices. “Inexpensive oil could have a dampening effect on all energy prices. LNG is a buyer’s market currently, especially with a glut of LNG on the market.”
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