Energy and Climate Change and the Seychelles Energy Commission, will be
the first utility-scale, private-sector funded floating solar project in Africa,
and aims to support the country’s transition to renewable energy.
Bidders are required to submit their full technical and financial proposals
in September 2019, with an expected tender award in November 2019.
Construction is expected to start soon thereafter, with the project
becoming operational in 2020.
“This will be a landmark project for Seychelles. The project not only injects
green energy into the grid but also exemplifies the country’s commitment
and will to transforming its energy sector to a low-carbon one,” says Tony
Imaduwa, CEO of Seychelles Energy Commission.
AFRICA’S OIL MAN HONOURED
The president of the Republic of Senegal, Macky Sall, will be bestowed with
the prestigious ‘Africa Oil Man of the Year’ award during the Africa Oil &
Power conference, to be hosted October 9 to 11, 2019 in Cape Town.
Senegal is a global hotspot for oil and gas discoveries — well-known as the
place in Africa to make major oil and gas finds, due in large to a decade-long
campaign by Sall to improve transparency, create an attractive investment
environment and spark new growth.
“As African countries across the continent aim to spur growth and diversify
economically, Senegal is a prime example of a country making energy work
— creating an enabling environment for business to succeed, attracting
huge international investments, while providing for a strong local capacity
and downstream investment options,” said Guillaume Doane, CEO of Africa
Oil & Power. “President Sall is one of Africa’s top leaders, not just in oil and
gas, but as an advocate for overall economic success. We are honoured to
present him this award.”
Sall first worked as the CEO of Petrosen from 2000 – 2001, before becoming
the country’s Minister of Mines Energy and Hydraulics in 2001. After a long
political career in Senegal, Sall was elected president of Senegal in 2012,
and pushed through a series of reforms to revive Senegal’s economy and
attract international investors.
“In a continent where border disputes have held back the development of
offshore resources, President Sall insists on a more productive outcome. He
worked with his counterpart of Mauritania, Mohamed Ould Abdel Aziz, to
secure an agreement to jointly develop offshore resources for the mutual
benefit of both countries,” says Jude Kearney, former deputy assistant
secretary for service industries and finance at the U.S. Department of
Commerce during the Clinton Administration and currently President of
Kearney Africa Advisors.
This form of agreement represents the best practice for the development of
cross-border resources, and in this particular case is based on the landmark
www. africanmining.co.za
African Mining Publication
The president of the Republic of Senegal, Macky Sall.
Frigg Agreement of 1976 between the UK and Norway. That case showed
that when leaders work together, resources can be developed peacefully to
benefit the people of both nations.
“The agreement between Mauritania and Senegal paved the way for the
development of the Tortue field through cross-border unitisation, with
a 50%-50% initial split of costs, production, and revenue, as well as a
mechanism for future equity redeterminations based on field performance.
It takes leadership, vision and foresight to get this done,” says Kearney.
Today, Senegal has one of the fastest growing economies in the world and
is the fastest growing economy in West Africa. Sall has closely guided the
development of two multi-billion-dollar oil projects off the coast of Senegal
— the world-class SNE oilfield and the Greater Tortue/Ahmeyim gas project.
The Greater Tortue project reached FID in December of 2018, and has
already awarded several initial contracts, including the EPCIC contract for
the development of the needed FPSO to Technip for an estimated USD500-
million to USD1-billion. The SNE oilfield is expected to reach FID this year. Both
projects are scheduled to start producing export revenues in the early 2020s.
To ensure the country’s new oil revenue will directly benefit the country,
Sall advocated for a new hydrocarbons code, which was approved by the
national assembly this year, and he also created the agency Cos-Petrogaz
to oversee the oil and gas sector and issue licenses. Other reforms aimed at
promoting transparency included limiting the presidential terms from seven
years to five years, to be renewed once, and launching the Emerging Senegal
Plan in 2014, which provides detailed planning for Senegal’s continued social
and economic development.
The fourth annual Africa Oil & Power, to be held from October 9 to 11 in Cape
Town, has a theme of ‘Make Energy Work’ that will focus on how oil, gas and
power can generate greater opportunities for the people of African nations
and stimulate sustainable economic growth.
African Mining
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