Nov 21, 2017 Last Updated 10:19 AM, Nov 20, 2017

Gulf Petrochem Group acquires Essar Petroleum East Africa

ABN – Essar Petroleum East Africa has been acquired by an UAE-based oil firm who have renamed the company ASPAM Energy (Kenya).

Gulf Petrochem Group acquired the company in a bid to boost its downstream supply chain in the oil and gas sector in East Africa.

The Energy Regulatory Commission, Competition Commission and other regulatory bodies approved the sale.

Gulf Petrochem Group MD Sudhir Goyel said: "The move will improve the company's market share from the current 1.1 per cent and consolidate the firm in East Africa.

"With the global market for bitumen expected to reach US$95.77 billion by 2020 according to a new study by Grand View Research, our group has recognised the potential for business growth within the African continent.

“Through this acquisition, ASPAM Energy (Kenya) will allow us to efficiently cater to East African customers and capitalise on a market which we plan to make our East African Hub." 

@ABNetworkOnline

Scatec Solar to construct West Africa’s first utility scale solar plant

ABN – Scatec Solar has signed an agreement with the Malian Ministry of Energy and Water and Electricité du Mali (EDM) to construct and operate West Africa’s first utility scale solar power plant.

The 33-megawatt plant will be constructed near Segou in Southeast Mali.

Malian minister of Energy and Water Mamadou Frankaly Keita said: “This landmark agreement signals the Government’s commitment to meet the nation’s growing energy demand and to provide clean, renewable and affordable energy to our people.”

Scatec Solar CEO Raymond Carlsen added: “This project is another great milestone for Scatec Solar.

“After several years of development efforts in the region, we can now move forward with the first utility-scale solar plant in West Africa.

“The Malian Authorities have demonstrated decisive will to tackle the nagging issue of power supply.”

@ABNetworkOnline

Juwi to build 140MW wind farm in SA

ABN – International green power developer Juwi Renewable Energy has been selected to build a 140-megawatt wind farm in Round 4 of South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).

The Garob Wind Farm will occupy 5,500 hectares near the old mining town of Copperton in the Northern Cape, just 35 kilometres south of Juwi’s Prieska solar project.

It will comprise 46 wind turbines standing 162 metres tall, with the capacity to generate clean energy for 60,000 standard homes.

“As one of the leading RE suppliers globally, we’re very pleased to add this high-capacity wind farm to our fleet of RE projects in Southern Africa,” said Juwi managing director Greg Austin.

“The Garob project follows hot on the heels of our current 86-megawatt-peak solar construction outside Prieska in the Northern Cape, which we will complete in 2016.”

Construction of the Garob Wind Farm is expected to begin in the second quarter of 2016, with commercial operation starting in the second quarter of 2018.

@ABNetworkOnline

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