Intelligent CIO Africa Issue 34 | Page 66

INDUSTRY WATCH In tune with this, the CSIR’s Energy Centre Head, Dr Clinton Carter-Brown, in an AOP talk session, addressed South Africa’s energy transition to decarbonisation based on mostly renewable energy and highlighted that the transition presents more opportunities than challenges for the country. “South Africa is well-positioned to be among regional and global leaders transitioning the energy system,” said Dr Carter-Brown. “Therefore, strategic investment in research and development initiatives that speak to technology innovation and industrialisation are paramount.” In a utility of the future panel discussion joined by Sustain Power, Matleng Energy herald a new era of investment in one of West Africa’s leading business destinations, on the back of world-class offshore oil and gas discoveries and several dynamic energy projects that have been put in motion. The conference will be a vehicle to promote the new deepwater licensing round which was announced at the Africa Oil & Power Conference in Cape Town and for public- private partnerships spanning the value chain. Senegal an emerging country by 2035, the energy sector has been established as a key pillar to drive economic growth and social inclusion. Showing no signs of slowing down, Senegal is emerging as a key player in the global energy sector. Led by HE Macky Sall, President of the Republic, the West African nation is a shining example of how African countries can #MakeEnergyWork and benefit The event will also highlight the growing importance of technology in the energy industry. Thanks to its young population and governmental commitment to developing a high-level technological readiness, the growth of energy and technology are inextricably connected. SENEGAL HAS QUICKLY CEMENTED ITS POSITION AS ONE OF AFRICA’S HOTTEST ENERGY MARKETS. Solutions, USAID/Power Africa and more, the panel agreed on a customer-focused and sustainable strategies as the way forward. Rather than seeing the difficulties facing Africa as obstacles, the panel believes that these challenges hold the potential for Africa to get ahead of trend. Elsewhere, Noble Energy delivered a presentation on the Alen Gas Monetization, followed by Sasol and South Africa’s Independent Power Producer’s Office (IPPO) which highlighted how South Africa’s transition into renewable energy needs to factor in the human reliance on the coal industry. “Our transformation is also very much a process that needs to consider the impact on the economy and the impact on the people who are deployed in the sectors that are affected,” said Sandra Coetzee, Acting Head of the IPPO. from leveraging their hydrocarbon potential to drive greater economic growth. Guillaume Doane, Chief Executive Officer of Africa Oil & Power said: “Senegal has quickly cemented its position as one of Africa’s hottest energy markets on the back of big offshore discoveries, game-changing projects and one of the most competitive business climates in the region. Through the Senegal Oil & Power Conference, we are excited to sustain the momentum created by the country’s leadership to herald a new era of investment in Senegal’s energy industry.” As part of the Emerging Senegal Plan launched by HE President Macky Sall to make Senegal Oil & Power 2019 will support the presidential vision by designing the event’s narrative around triggering the next local and international investment wave across the energy value chain. Thanks to major oil and gas discoveries in the last five years, Senegal has major operators from the public sector such as BP and Kosmos Energy leading the Grand Tortue Ahmeyim (GTA) natural gas project as well as Woodside, Cairn Energy and FAR Ltd in the SNE oil field project. Across the energy sector, local companies are also showing tremendous commitment when it comes to creating a regional energy hub, such as Akilee and Der Mond Oil & Gas among many others. Senegal’s thriving private sector will play a key role in taking Senegal Oil & Power 2019 to the next level in terms of triggering interest, investment, and deal-making. Thanks to the country’s progress in ease of doing business, opportunities are arising across the energy value chain from exploration and production to refining, petrochemicals, and storage as well as power and renewable energy, a sector in which Senegal is a regional leader. n Meanwhile, the first ever Senegal Oil & Power Conference and Exhibition will be held in Dakar next year from May 27 to 28. Organised by Africa Oil & Power and supported by the Government of Senegal, Cos-Petrogaz, Petrosen and Senelec, the conference will 66 INTELLIGENTCIO www.intelligentcio.com