Tag Archives: Electricity

Electricity and Water


€739 million of foreign investment in renewable energy

The Moroccan government announces a solar and wind rush. Close to 8 billion dirhams, or 739 million euros, of foreign investment from Western powers and the Middle East are flowing in to support projects in the renewable energy sector.

“For us, Morocco is the gateway to Africa,” said Abdulla Falah Abdulla Al-Dosari, Qatar’s ambassador to Morocco. Present in Casablanca on October 24, 2018, at the opening of the Elec Expo Forum, the Qatari diplomat said that companies in his country are seeking to establish joint ventures with major Moroccan groups in the field of energy.

Although Qatar’s expertise in hydrocarbons is much more recognised, it is one of the many foreign powers (the United States, France, Germany, Japan, Korea, Saudi Arabia, Emirates) whose companies will release an investment of 108 billion Moroccan dirhams, or about 10 billion euros, in various sectors, including electricity, which alone receives an envelope of 739 million euros (8 billion Moroccan dirhams). According to Aziz Rabbah, Moroccan Minister of Energy, Mines and Sustainable Development, these investments will also create thousands of jobs.

Morocco, which wishes to join the Economic Community of West African States (ECOWAS), has a new and attractive element to offer through these investments. The subregion has a market of 1.2 billion people, more than half of whom do not have access to electricity. Morocco’s ambitions will therefore contribute to transforming the constraints into investment opportunities for reducing the electricity deficit in ECOWAS member countries, and become a power pool for West Africa.
Morocco wants to produce 7 times the amount of wind energy installed on the continent

The sectors targeted by foreign Moroccan joint ventures are: solar, wind and energy efficiency. For example, the additional wind energy needs that remain to be installed are estimated at 7 GW, whereas the continent can only produce 1 GW today. “We have the opportunity to take up this challenge,” said Abderrahim El Hafidi, Director General of the National Office of Electricity and Drinking Water (Onee).

Morocco has refined its energy strategy to better meet the challenges in terms of supply security, access to energy and environmental protection. Target: increase the share of renewable energy to 42% of installed capacity by 2020 and to 52% by 2030. With that in mind, the national programmes will involve an additional capacity for electricity production from renewable sources of about 10,100 MW, including 4,560 MW from solar, 4,200 MW from wind and 1,330 MW from water, which will reduce the Kingdom’s energy dependence from 94% to less than 82% in 2030.

Boris Ngounou

Source: Afrik21

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Establishment of companies in Angola

With the new law of August 2015 any investor small or large can start up business activity in Angola without a minimum capital investment and with the advantage of being able to repatriate profits, dividends and capital gains.
Those who are willing to invest at least $ 1m, the new law could grant tax incentives and advantages from a case to case basis.
There are the following constraints: Investors who are willing to put money in one of those following sectors:

  • electricity and water
  • hotel business and tourism
  • transport and logistics
  • civil construction
  • telecommunications
  • information technology and media

must have

  1. a partnership with Angolan citizens or Angolan companies, with the Angolan partner having at least 15 % of the share capital
  2. effective participation of the Angolan partner in the management of the company, clearly stated in the shareholder agreement

The definition of an Angolan company is a company with registered address in Angola and with a minimum of 51 % shareholding belonging to an Angolan citizen.

The company Dusira UG is cooperating with Angolan companies we personally know and will give assistance in establishing companies in Angola.

Phone: +491737692688
E-Mail: mpts@gmx.net

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Additional 10 000 megawatt by 2019 in Nigeria

President Muhammadu Buhari said on Monday that his administration would ensure steady power supply before the expiration of his tenure through the provision of additional 10,000 megawatts.

The President gave the assurance at the National Economic Council Retreat holding at the Presidential Banquet Hall, Abuja.

According to him, 2,000 of the anticipated 10,000 megawatts will be added to the national grid in 2016.

“Nigerians’ favourite talking point and butt of jokes is the power situation in our country. But, it is no longer a laughing matter.

“We must and by the grace of God we will put things right.

“In the three years left for this administration we have givenourselves the target of 10,000 megawatts distributable power.

“In 2016 alone, we intend to add 2,000 megawatts to the national grid.

“In our determination to change we must and will, Insha Allah, put a stop to power shortages.’’

The President, who stated that the nation was facing the classic dilemma of privatisation of the power sector, noted that no remarkable improvement in the quality of service had been recorded after the exercise.

He, however, stated that the National Electricity Regulatory Commission (NERC) must ensure that consumers get value for money and over-all public interest is safe-guarded as government will complete the process of the privatisation.

Source: Daily Post, Mach 22, 2016

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Nigeria will build four nuclear power plants

Nigeria is in talks with Russia’s Rosatom to build as many as four nuclear power plants costing about $ 80bn as Africa’s biggest economy seeks to add 1 200 megawatts of capacity by the end of the decade.

Peak electricity output of Africa’s biggest economy is about 3 800 MW, with a further 1 500 MW unavailable due to gas shortages. South Africa, with a third of Nigeria’s population yet eight times more installed capacity has also signed an agreement with Rosatom as the nation looks to add 9 600 MW of atomic power to its strained grid.

Rosatom would hold a majority, controlling stake in Nigeria’s nuclear facility, while the rest would be owned by the country, with roles to be specified in contracts.

The plants would be financed by Rosatom, which would than build, own, operate and transfer them to the government.

Nigeria, with a population of around 170 million, broke up its monopoly on power generation and distribution by privatizing the sector two years ago, hoping to attract foreign investors.

Source, Business Report International, 15th April 2015, Daily News, 15th April 2015

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