Moses Michira

Nairobi — The government will link investors in the energy sector with the World Bank and the International Monetary Fund for funding.

financeFinance minister Uhuru Kenyatta said Treasury was keen on reigning in public debt and would not give the investors any guarantees on funding, a position that contradicts a cabinet approval of financial backing for firms involved in electricity generation.

He said the government would talk to the Bretton Woods institutions to facilitate securing alternative credit risk underwriting.

“We have established an inter-ministerial committee with World Bank and IFC participation to assist investors secure available alternative risk mitigation products,” he said.

It is the first time that Treasury has publicly stated its refusal to extend sovereign guarantees to developers in the power sector, after it emerged last month that the Ministry of Finance was not comfortable with the cabinet position announced in mid September. The reversal in policy is likely to dent Kenya’s capacity to generate power to meet the rising demand.

Mr Kenyatta told private investors they will have to turn to risk underwriters as Treasury was keen on reigning in public debt. “As a government, we have to ensure that we maintain macro-economic stability and also our public debt at a sustainable level,” he said, adding; “It is imperative for players in the energy infrastructure to think beyond conventional approaches to raising finances.”

Kenya’s rising demand for energy is linked to growing economic activity, with annual power consumption expected to hit 1,620 megawatts (MW) by 2012 from the current peak demand of 1072 MW.

Source:                    Image:


read more

Luanda — Five Southern African countries, including Angola, will gain climatic changes adaptation centres and sustainable use of soils as from 2011, Angop learned recently in Luanda.

EnvironmentThe information is contained in the conclusions from the second round table on creation of the Regional Centre on Science and Services (RSSC), a Germany-sponsored project estimated at 50 million Euros, attended by representatives of Angola, South Africa, Botswana, Namibia and Zambia.

The future centres research centres will focus on the sectors of waters, use of soils, biodiversity, climatic changes, training, information and services, with a view to regional integration.

The group of researchers will include technicians from the ministries of Higher Education, Science and Technology, Environment, Agriculture, Rural Development and Fisheries from the five mentioned countries, already working on the project since 2009.

Of the total of the funding, 75 percent (37.5 million Euros) will be channelled to capacity building, research and services, 20 percent (10 million) to infrastructures and five (2.5 million) to contingency.

Addressing the closing of the round table, the Angolan minister of Higher Education, Science and Technology, Maria Candida Teixeira, said the project honours Angola and the other four countries involved as the works so far done will serve to develop the scientific field and reinforce regional integration.

According to the official, during the two days, the participants analysed the ways of structuring the centres, including their financial plan, safeguarding the freedom of each country that joined the German Government initiative to design its own plan of action

Source:         Image:


read more

jpgOperators say the Nigerian Liquefied Natural Gas (NLNG) Limited has the capacity to supply 150,000 metric tonnes per annum of LPG to the Nigerian market. For this modest aspiration, the country would require 225 trucks, 180 bottling plants, 5.8million cylinder requirements, and 96,000-bottles/day cylinder bottling capacity. Due to the impact of deforestation, an indigenous oil and gas company is gradually making forays to meet the nation’s requirements in the sector. GODWIN HARUNA writes…

As the world begins another series of talks on the climate change conundrum in Cancun, Mexico, people around the globe are looking for solutions that would mitigate its impact. Deforestation is one of the major challenges confronting Nigeria in the effort to maintain a sustainable environment. Domestic cooking gas has come as a veritable alternative to curb deforestation in order to have a sustainable environment in the country.

The statistics look scary, but it is not insurmountable. Operators of the Liquefied Petroleum Gas (LPG), popularly known as cooking gas, maintain that out of the 225 trucks so required, to distribute the product in the country, only 131 trucks are available. Of the 5,800,000 cylinders required only 80,000 are available. There are just 50 working plants in the country, out of the needed 180 plants, and of the 96,000 MT daily bottling capacity plants, only 18,000MT daily bottling capacity is accessible. These figures are reflective of the difficulties in making LPG available in every home in Nigeria in spite it’s obvious advantages over firewood for the cooking needs of the citizenry.

Source:   Image:


read more