Funding will drive growth for Winch Energy in off grid energy and ancillary services.
The African property developer has completed a 1 MW rooftop PV array at an industrial park in Nairobi.
General Electric (GE) (www.GE.com) has announced the appointment of Eric Amoussouga as the Chief Executive Officer for Francophone Africa. In this position, Eric will play a pivotal role in steering the next phase of strategy and growth for GE in Francophone African markets.
Based in Abidjan, Eric will lead the development of diverse programs with public and private sector projects and partnerships across Francophone Africa.
Commenting on the appointment, Farid Fezoua, President and CEO, GE Africa, reiterated GE’s commitment to work together with government and private sector order to develop public private partnerships and sustainable outcome-based solutions.
“We are optimistic about Francophone Africa and the opportunities to develop breakthrough solutions in power, healthcare, aviation and renewable energy. We believe that the appointment of Eric is a further step in making our vision a reality. We are also glad to bring on board someone with the experience and passion required to drive our growth in this region,” he said.
Eric brings onboard 19 years of experience in the energy sector with the major players like AREVA, ALSTOM and GE and has strong expertise in energy business development and sales strategy especially in West and Central Africa.
“I am very excited to be leading GE’s regional growth in Francophone Africa and driving innovative initiatives to support the needs of GE stakeholders within the region.” Eric Amoussouga said.
Partnership with Governments and local companies form a very important part of GE’s growth in Francophone Africa and across the continent. Through these collaborations, GE has made significant investments to develop infrastructure projects, including sustainable energy solutions, provide efficient and reliable transportation as well as improve access to quality healthcare.
The Board of the African Development Bank (www.AfDB.org) has approved a $15-million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the domestic debt capital markets in Nigeria.
The investment package to InfraCredit is comprised of a subordinated loan of $10 million and a risk sharing facility of up to $5 million. This intervention will promote local currency infrastructure financing, and further development of the domestic capital market.
InfraCredit is a specialized infrastructure credit guarantee company, established to enhance local currency debt instruments - mainly bonds, to finance eligible infrastructure projects in Nigeria. This is intended to uplift the credit rating of such bonds, allowing institutional investors to include them in their portfolios.
InfraCredit was founded by the Nigerian Sovereign Investment Authority (NSIA) in collaboration with GuarantCo (part of the Private Infrastructure Development Group). These initial investors have been joined by the Africa Finance Corporation (AFC) and KfW, the German Development Bank.
The African Development Bank’s investment in InfraCredit will catalyze local institutional investor funds, including pension funds, into financing long-term infrastructure projects through the local bond markets. The investment boosts InfraCredit’s qualifying capital base through the subordinated loan; it also improves its capacity to expand its guarantee business through the proposed risk sharing arrangement.
Through this intervention, the African Development Bank is helping to stimulate local currency financing across diverse infrastructure transactions, thereby improving economic diversification and competitiveness, as well as promoting more equitable growth, strengthening local value chains and financial markets in Nigeria. InfraCredit’s operations will catalyze infrastructure investments in critical sectors such as renewable energy, housing, transportation, agricultural infrastructure, and telecommunications, which are critical for the country’s economic development. These also align with the Bank’s High 5 (www.AfDB.org/en/the-high-5/) agenda.
Stefan Nalletamby, the Bank’s Director of the Financial Sector Development said, “The Bank’s support will strengthen the capital base of InfraCredit, underpinning the expansion of the Company’s core business of guaranteeing of bonds issued to fund infrastructure projects. This adds to the Bank’s existing initiatives to mobilize domestic institutional savings and stimulate non-sovereign local debt capital market development in Nigeria. This ultimately helps to increase private sector financing for critical infrastructure projects in key sectors including energy, agriculture, water, health and education, through local capital markets”.
The transaction will also result in the leverage and enhancement of the scope and impact of the Bank’s interventions alongside private sector financing, especially from pension funds as well as from co-investment partners. InfraCredit aims to support up to $1.25 billion in infrastructure financing over the next few years, by involving the private sector in infrastructure financing, essential to Nigeria’s economic resilience.
GE (www.GE.com) to provide energy solutions to help foster economic development and growth in Benin and Cote d’Ivoire; In Benin, GE will supply the nation’s first Advanced Distribution Management System (ADMS), this grid solution is expected to increase energy reliability and efficiency; In Cote d’Ivoire, GE will rehabilitate and improve the power capacity of the Ferke, Man and Taabo substations while reducing the losses in energy transmission.
Today, GE Renewable Energy’s Grid Solutions business announced that it has signed two deals to build energy systems in Benin and upgrade three substations in Cote d’Ivoire. These agreements align with GE’s commitment to providing scalable power solutions in partnership with governments and utilities to meet West Africa’s growing energy needs while developing self-sustaining electricity systems for businesses and households in the region.
In Benin, 85 percent of electricity utilized is currently imported from neighboring countries. To strengthen the country’s grid and manage electricity losses that result during energy transmission, GE will design and supply the first Advanced Distribution Management System (ADMS) (https://invent.ge/2RNuVit) in Benin for the Société Béninoise d’Energie Electrique (SBEE) and undertake the rehabilitation of substations and telecommunication infrastructure at the National Distribution Control Center in Cotonou.
Part of GE’s Digital Energy portfolio, ADMS is engineered with adaptive algorithms and predictive analytics to help utilities operate the grid more efficiently and enable automation. The system will be able to predict issues, identify the faults on the grid and propose a restoration plan.
“The Distribution Management System (ADMS) will help optimize energy distribution, reduce electricity losses and minimize shortages,” said the National Coordinator for MCA-Benin II. “This project is aligned with the government’s ambition to efficiently manage the generation from power plants, microgrids and other grid infrastructure to improve the quality, efficiency and availability of power to our customers. “This system will also help manage the security and maintain control of the grid.”
Under this contract, GE will rehabilitate and expand three 225kV substations in Ferke, Man and Taabo. This project will help improve the electricity supply in the northern, western and central part of Côte d’Ivoire.
“With about 90% of the country’s population having access to electricity and the growing demand for energy, limited distribution systems cause a total energy loss of approximately 20% annually. There is a need to rehabilitate and strengthen the country’s grid infrastructure,” said Bile Gerard TANOE – Secretary General of CI-ENERGIES. “This project will improve the power capacities of Ferke, Man and Taabo substations to help mitigate total energy losses and provide the reliability needed to limit the total unavailability of these critical substations,” he added.
“Energy is a key component for on-going development in Sub-Saharan Africa. With only 45 percent of electrification rates in many countries in the region, it is critical to develop an end-to-end solution to increase energy access and foster economic development,” said Lazarus Angbazo, President & CEO of GE Renewable Energy’s Grid Solutions business in Sub-Saharan Africa. “These projects reinforce GE’s involvement in implementing key infrastructure for energy transmission and interconnection development in Africa through smart solutions and turnkey project expertise.”
GE’s Grid Solutions business provides complete, engineered solutions for high voltage (HV) substations to power generation companies, utilities, and industries, bringing together the right mix of high-voltage products through expert engineering and full project management. Grid Solutions has designed and implemented over 1,700 substation projects globally in the last 10 years.
The tendered project is expected to provide 500,000 people with access to energy, while more than doubling the country’s total installed power generation capacity. It includes a grid-connected 20 MW solar plant in Gardete and two 1 MW hybrid solar-diesel plants in Gabu and Canchungo that will also rely on some storage capacity.
The African Biofuel and Renewable Energy Co., which promotes renewable energy and energy efficiency across Africa, has issued a tender for the deployment of 22 MW of solar power, on behalf of the government of Guinea-Bissau.
The tendered project includes the construction of a 20 MW ground-mounted solar power plant in Gardete, near the city of Bissau. Upon completion, the project will sell power to national utility EAGB under a long-term PPA. The plan also includes two 1 MW hybrid solar-diesel installations, including an unspecified amount of storage capacity in Gabu and Canchungo.
Interested developers will have until April 10 to submit their bids. The West African Development Bank if financially backing the project, which was initially launched in September 2017, with a $42.9 million loan.
When built, the new facilities will more than double the country’s total installed generation capacity, which currently stands at just 11 MW of small thermal power plants. But according to a recent report by the World Bank, over half of that installed capacity is out of service, while around 40% of its produced electricity is currently being lost (or stolen) in the distribution network.
With a population of 1.75 million, Guinea-Bissau has one of the lowest electrification rates in Africa, as vast areas of its territory are not covered by electricity supply. Biomass currently covers around 95% of total household energy consumed in Guinea-Bissau.
Whitepaper argues case for aeroderivative gas turbines; Highlights key advantages such as providing cheaper, cleaner, more reliable and faster power; Identifies important role of aeroderivatives for grid firming as penetration of renewables soars; Discusses comparison data versus other engines on costs, fuel flexibility, output efficiency and mobility metrics amongst others.
As Africa’s leaders pursue state-of-the-art technology that can provide more affordable, reliable, accessible, and sustainable power for the continent, GE Power’s Gas Power Systems business (NYSE: GE) (www.GE.com/Power) today unveiled a whitepaper (https://invent.ge/2KsKKfF) focused on gas turbine technology that can ensure a cleaner and safer operation while accommodating a high penetration of renewable energy sources.
Co-authored by GE gas power technology experts John Ingham and Monamee Adhikari, the whitepaper presents the advantages of using aeroderivative turbines which include better quality grid firming, cleaner power with lower emissions and cheaper power.
Aeroderivative gas turbines offer a variety of fuel options which provide capability to harness fuels from different sources and to switch between fuels when economically preferred without shutting down. They also yield better efficiencies through rapid response to grid frequency fluctuations and combined cycle capability which results in better use of fuel. Lube oil consumption is 200 times lower when compared with reciprocating engines for example.
Averaging 8 times less operational and maintenance manpower and over 15 times fewer maintenance events than reciprocating engines during a 3-year cycle in an equivalent sized power plant, aeroderivatives require simpler maintenance and their higher reliability and availability provide power in a few days after inspection which also lowers capital expenditure (CAPEX) costs per unit of generated power.
Aeroderivative gas turbines provide lower emissions and much smaller footprint therefore ensuring cleaner power and freeing land for other uses. They also allow for better integration of intermittent renewables to the grid, by providing a more stable grid through excellent frequency control.
“The role of technology in achieving affordable and reliable power is essential. Aeroderivative gas turbines yield excellent efficiencies from installation to maintenance making it an appropriate solution for faster, cheaper, cleaner and more stable power,” said Elisee Sezan, CEO, GE’s Gas Power Systems business, Sub Saharan Africa. “Going forward, there is a need to adopt such technologies that will make access to power sustainable. With our expertise and experience powering the world with best-in -class gas portfolio, GE is best suited to help energy leaders and stakeholders achieve their objectives.” he further added.
Due to their small size and modular nature, aeroderivative gas turbines can be transported, installed and commissioned very quickly. The TM2500 generator set is trailer mounted and can be installed faster than traditional power plants, making it ideal for short- and long-term energy planning, stabilizing the grid, or powering remote locations.
With more than 100 million operating hours over the last 45 years and up to 44% simple cycle efficiency and 56% combined cycle efficiency with fast startup, high ramp rates and outstanding cycling capability, aeroderivatives provide flexible and reliable power generation.
GE is committed to the power transformation in Sub-Saharan Africa. The first turbine in the region was commissioned in the early 1950s and in 2018, GE achieved its 100th power plant installation in Sub-Sahara Africa (https://bit.ly/2VEhxiO) totaling an installed base of over 300 turbines in up to 22 countries in the region.