FG Teams Up with Ax Gas to Launch Lagos CNG Conversion Center

<p> <p> The Presidential Compressed Natural Gas Initiative has partnered with Ax Gas to unveil a CNG auto conversion centre in the Lakowe area of Lekki, Lagos State. </p> <p> The CNG auto conversion centre was launched yesterday to commence the conversion of government-owned vehicles as well as commercial ones at no cost to the drivers. </p> <p> Our correspondent reports that the centre has the capacity to convert about seven vehicles in a day. It also has a liquefied petroleum gas plant to sell cooking gas to people around the area. </p> <p> The Chief Executive Officer of Ax Gas, Andre Bassey, said private car owners can also visit the centre to convert their vehicles at a very affordable cost, depending on the type of vehicle. </p> <p> He states that CNG still costs less than petrol, which currently retails at more than N900 per liter. </p> <p> "We're essentially here to inaugurate two facilities. The first one will convert gasoline vehicles to run on compressed natural gas. The second purpose is to launch our new 12.5 metric tonne liquefied petroleum gas plant, also known as a cooking gas facility," he stated during the event on Sunday. </p> <p> Regarding the connection between Ax Gas and the PCNGI, Bassey explained, "The role of the PCNGI is to create the necessary conditions when you decide to invest here; they offer you a license along with the required equipment. Thus, the equipment was supplied and authorized by the PCNGI so that you could introduce it into your facility to lower operational costs. We constructed the facility, while the PCNGI supplies the kits needed for conversions." </p> <p> “As long as you drive a government-owned vehicle, you can come in to convert your car. Commercial drivers will come through their unions to convert their vehicles for free. But if you are a private owner, there’s a little token you will pay because the idea of the PCNGI is to subsidise transportation so that once it’s freely converted for the commercial users, that way, they can reduce the cost of transport fares. </p> <p> “Petrol is N930 per litre. If you convert your vehicle, compared to the price of petrol, the CNG equivalent of a litre of petrol is about N350. So, you see that petrol is almost three times the price of compressed gas per litre. It’s way cheaper. Two of my cars have already been converted. If I have a way to pay less for fuel to move my car, why not? I would definitely take it up,” he posited. </p> <p> Bassey allayed fears of an explosion, saying the CNG cylinder cannot explode if not compromised. </p> <p> He noted that the few cases of explosion reported in Nigeria were a result of cutting corners, warning Nigerians to convert their vehicles in places accredited by the government. </p> <p> He said, “The CNG cylinder is very thick, way different from the cooking gas cylinder. When somebody now puts something of 250 bar pressure into the cooking gas that can only take 30 bar, your guesses are as good as mine. You know the next thing is that it will explode. </p> <p> “That’s why we have a learning centre. We keep educating people that they should go to a properly licensed conversion centre where they will have insurance, where the PCNGI has already licensed them to operate just like ours, so that they don’t have to have any of these kinds of issues.” </p> <p> On LPG, the CEO added that the price of cooking gas will become stable and low when more local producers supply it to the market. </p> <p> The Director-General of the National Automotive Design and Development Council, Mr Joseph Osanipin, appreciated Ax Gas’s leadership in advancing clean energy solutions for Nigeria’s automotive sector, stressing that the milestone aligns seamlessly with NADDC’s mission of promoting sustainable alternative fuels for a greener future. </p> <p> “Ax Gas’s initiative exemplifies the innovative thinking and industrial collaboration necessary to achieve our shared goals. By providing both an LPG bottling plant and a CNG auto conversion centre, Ax Gas is not only addressing the growing demand for clean transportation but also setting an example of corporate responsibility and environmental stewardship, he said. </p> <p> Represented by his technical assistant, Rosilu Emmanuel, Osanipin urged Nigerians to adopt gas as an alternative fuel. </p> <p> Also, the former Chairman of the LPG and Downstream Natural Gas Group of the Lagos Chambers of Commerce of Industry, Godwin Okoduwa, congratulated Ax Gas, saying, “The new facility will play a crucial role in expanding domestic gas access, creating jobs, attracting investments, and reinforcing Nigeria’s commitment to sustainable and affordable energy solutions. </p> <p> Okoduwa commended the visionaries behind the project and looked forward to the impact it will have on Nigeria’s energy landscape. </p> </p> Provided by SyndiGate Media Inc. ( Syndigate.info ).

FG Teams Up with Ax Gas to Launch Lagos CNG Conversion Center

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The Presidential Compressed Natural Gas Initiative has partnered with Ax Gas to unveil a CNG auto conversion centre in the Lakowe area of Lekki, Lagos State. The CNG auto conversion centre …

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TotalEnergies Caps Three Major Global Renewable Energy Deals

<div class="post-content-wrap has-share-float"> <div class="post-content cf entry-content content-spacious"> <p> <p> – Europe: 500 MW installed or underway with over 15 GW of solar and wind projects in development </p> <p> – Africa: 255 MW installed in Uganda with an additional 560 MW from hydropower projects </p> <p> — Canada: 180 MW installed with over 600 MW of solar and wind projects underway </p> </p> <p> <strong> Paris — </strong> In accordance with the accords finalized in 2024, TotalEnergies has confirmed the completion of its purchases of VSB Group—a major European firm focused on developing wind and solar energy solutions, notably within Germany—and SN Power, an entity specializing in hydroelectric power development across Africa, specifically in Uganda. Additionally, TotalEnergies disclosed fresh arrangements with renewable-energy company RES aimed at procuring renewable projects located in Alberta, alongside concluding their initial project purchase. </p> <p> Europe: TotalEnergies has closed the acquisition of VSB, and is strengthening its integrated electricity business, particularly in Germany </p> <p> This agreement bolsters TotalEnergies' comprehensive electrical operations in Germany, covering roughly fifty percent of VSB's assets. It complements their recent purchases of Kyon Energy, a company specializing in battery storage development, and Quadra Energy, an energy management firm, along with the firm's existing investments in offshore wind projects within the nation. </p> <p> VSB's extensive portfolio exceeding 15 GW will boost TotalEnergies' renewable energy capabilities in Europe, pushing their total capacity beyond 40 GW, on top of the existing 7 GW either operational or under development. Considering its focused approach towards specific major European markets, the company plans to initiate the sale process for the VSB-developed Puutionsaari project in Finland, which includes both wind and solar components totaling 440 MW. </p> <p> In Africa, TotalEnergies has completed the purchase of SN Power and is now working towards executing its diversified energy strategy, with specific focus on operations in Uganda. </p> <p> The acquisition of SN Power will allow TotalEnergies to implement its multi-energy strategy in Uganda, where the Company is already active in exploration and production. The Bujagali hydropower plant (225 MW), for example, meets more than 25% of the country’s peak electricity demand. The transaction gives TotalEnergies a 28.3% stake in Bujagali, currently operating in Uganda, and a stake in two other projects under development in Rwanda (206 MW) and Malawi (360 MW). The deal also gives TotalEnergies a team of hydropower development experts, strengthening its competencies in this field. </p> <p> Canada: TotalEnergies has signed agreements to acquire certain wind and solar projects and closed the acquisition of a solar farm in Alberta </p> <p> The Company has signed agreements with RES to acquire certain wind and solar projects under development in Alberta, amounting to total capacity of more than 800 MW. TotalEnergies has also just closed the acquisition of Big Sky Solar (184 MW), a solar facility in Alberta that was commissioned at the end of February. More than two thirds of the electricity produced by Big Sky Solar will be sold under a long-term power purchase agreement (PPA). The remainder will be sold on the electricity market by TotalEnergies, which will also sell the carbon credits generated by the facility under Alberta’s regulated carbon emissions program. </p> <p> “The completion of these three acquisitions in Europe, North America and Africa will contribute to our targets of 35 GW of gross renewable capacity by 2025 and over 100 TWh of electricity production by 2030”, said Stéphane Michel, President, Gas, Renewables and Power at TotalEnergies. “These acquisitions strengthen our operations in markets where we are deploying our Integrated Power business, like Germany and in North America, and in countries, such as Uganda, where we can leverage synergies with our exploration and production activities. Furthermore, these acquisitions will contribute to cash flow growth and to our goal of reaching our 12% profitability target in the electricity segment.” </p> </div> </div> Provided by SyndiGate Media Inc. Syndigate.info ).

TotalEnergies Caps Three Major Global Renewable Energy Deals

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– Europe: 500 MW installed or underway with over 15 GW of solar and wind projects in development – Africa: 255 MW installed in Uganda with an additional 560 MW from hydropowe…

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Energy Industry Leaders Cheer Ojulari's Appointment as NNPCL CEO: An International Perspective

<div class="post-content-wrap has-share-float"> <div class="post-content cf entry-content content-spacious"> <p> <strong> Lagos — </strong> The Society of EnergyEditors, known asSEE,has praised the appointment ofEngr.BayoOjularias thenewChiefExecutiveOfficeroftheNigerianNationalPetroleumCompanyLimited,NNPCL. </p> <p> The SEE (www.energyeditors.org) is an organization comprising media experts dedicated to enhancing the caliber of energy reporting, fostering a better-informed public discussion, and supporting the expansion and progress of the energy sector. Members come from both inside and outside Nigeria. </p> <p> In a celebratory statement penned by its Chairperson, Mr. Yakubu Lawal, the organization conveyed their reception of the appointment with fresh optimism regarding Nigeria’s oil and gas sector’s upcoming trajectory. They believe that his skills and guidance will significantly benefit this governmental body as it progresses towards becoming an entirely self-sustaining commercial enterprise. </p> <p> The NNPCL, now the leading oil producer in Africa, serves as the lifeblood of Nigeria’s oil and gas sector. A smooth transition as outlined by the Petroleum Industry Act (PIA) would establish the benchmark for how this industry can drive the nation's economic growth through increased contributions from these sectors. </p> <p> The Special Executive Assistant conveyed appreciation for Engineer Ojulari’s extensive expertise and experience in the sector, accumulated domestically and internationally, and encouraged him to apply this wisdom towards shaping the emerging NNPCL. He also emphasized the importance of fostering a fruitful collaboration among various parties involved, including international oil firms, independent operators, local communities, oversight bodies, and the press. </p> <p> We have learned about your appointment with fresh optimism regarding the industry’s future, knowing how greatly your skills and guidance can benefit a national organization moving toward becoming a comprehensive commercial enterprise. As the NNPCL, now the leading petroleum producer in Africa, serves as the lifeblood of Nigeria’s oil and gas sector, successfully transitioning this body—as outlined by the Petroleum Industry Act (PIA)—will establish the standard for the entire field’s impact on the nation’s economic growth. </p> <p> "The SEE acknowledges your extensive expertise and insights from the sector, accumulated through experiences inside and outside Nigeria, and encourages you to apply this knowledge towards shaping the emerging NNPCL. In doing so, foster a fruitful collaboration with various parties involved, including international oil companies (IOCs), independent operators, local communities, oversight bodies, and the press," the statement said. </p> <p> The organization committed to backing the NNPC CEO as needed for the fulfillment of his objectives and initiatives. </p> <p> Launched in May 2024, the SEE initiative aims to boost quality journalism in the realm of energy and reinforce the role of media as watchdogs within this industry. </p> <p> The founding of The Society emerged as an answer to the necessity for comprehensive insights and sophisticated journalism within the energy sector, where such qualities have often been absent recently. Given the growing intricacy of energy-related challenges, it is crucial that journalists working in this field possess extensive knowledge about how the industry functions, along with familiarity with governmental regulations and policies. </p> <p> Members are selected from journalists, editors, producers, and media experts who have shown dedication to delivering precise and influential coverage of energy-related topics. </p> <p> The organization releases a quarterly publication titled 'Nigeria Energy Outlook,' offering guidance and explanations on issues related to energy. Additionally, they provide training and refresher courses aimed at improving the expertise and proficiency of energy journalists and media professionals, thereby enhancing the overall standard and insightfulness of media reporting in this field. </p> </div> </div> Provided by Syndigate Media Inc. ( Syndigate.info ).

Energy Industry Leaders Cheer Ojulari's Appointment as NNPCL CEO: An International Perspective

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Lagos — The Society of EnergyEditors, known asSEE,has praised the appointment ofEngr.BayoOjularias thenewChiefExecutiveOfficeroftheNigerianNationalPetroleumCompanyLimited,NNPCL. …

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GE Vernova to Power Up Pennsylvania: Major Turbine Deal for Massive Natural Gas Plant

<p> GE Vernova ( <span> NYSE: GEV </span> ) closed <span> +4.8% </span> on Wednesday <span> The following news outlines plans to install seven wind turbines capable of generating almost 4.5 gigawatts of power. This initiative aims to convert the Homer City Generating Station in Pennsylvania from a coal-fired facility into a natural gas-powered data center complex, with operations scheduled to start in 2027. </span> </p> <p> <span> Upon completion, the Homer City facility will become the biggest natural gas-powered plant in the country, exceeding NextEra Energy's West County Energy Center in Florida, with a capacity close to 3.8 gigawatts, as per information provided by the U.S. Energy Information Administration. </span> </p> <p> <span> In a release According to Homer City Redevelopment, which is overseeing the initiative, construction is anticipated to start this year, with GE Vernova being involved. <span> NYSE: GEV </span> They will provide the turbines by 2026. </span> </p> <p> <span> The demolition of the coal plant began last month as Homer City Redevelopment imploded the cooling towers and three out of four of the facility's stacks, with the rest of the plant expected to come down over the next couple of weeks. </span> </p> <p> <span> The project is expected to cost more than $10B, without including the costs necessary for building the AI data centers expected to be built on the same campus. </span> </p> <p> <span> Separately, </span> <span> GE Vernova ( GEV ) won a new Positive rating at Susquehanna, which said the company is well positioned to benefit from global growth in power demand. </span> </p> <div> <h2> More on GE Vernova </h2> <ul> <li> GE Vernova: A Good Buy Post The Recent Correction </li> <li> GE Vernova: The Future Looks Electric And This Data Center Play Stands To Benefit </li> <li> GE Vernova: Priced Too High at Present </li> </ul> </div>

GE Vernova to Power Up Pennsylvania: Major Turbine Deal for Massive Natural Gas Plant

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GE Vernova ( NYSE: GEV ) closed +4.8% on Wednesday The following news outlines plans to install seven wind turbines capable of generating almost 4.5 gigawatts of power. This init…

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Klarifikasi Kurang Jelas: Peninjauan atas Mekanisme Kerja dan Pengawasan Satuan Tugas Transisi Energi

<img data-document-id="cms/api/amp/image/AA1C7QN9" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1C7QN9.jpg"/> <p> <span> <b> DIWIDA </b> </span> , <span> <b> Jakarta </b> </span> - Pemerintah mendirikan Satuan Tugas atau <strong> Satgas Transisi Energi </strong> Dan Ekonomi Hijau untuk mengejar tujuan penurunan emisi. Akan tetapi, keefektifannya diragukan akibat kurangnya data tentang cara kerjanya serta pemantauan yang memadai. </p> <p> Ahli Penelitian tentang Kebijakan Energi dan Perubahan Iklim dari Grup Ilmiah TransisiEnergiBerkeadilan.id Wira Dillon merasakan ada banyak hal yang belum terang tentang satgas tersebut. Ia hanya dapat menebak-nebak bahwa satgas akan berfungsi sebagai 'tempat' lanjutan. <strong> JETP </strong> (Kerjasama Transisi Energi yang Lebih Berkelanjutan) di Indonesia. </p> <p> "JETP Indonesia mungkin harus downsizing Sekretariat tersebut dibentuk pada pertengahan tahun ini terkait dengan penarikan Amerika Serikat dari JETP Indonesia," ujar Wira saat diwawancara oleh Tempo, Selasa, 2 April 2025. </p> <p> Wira menggarisbawahi kebutuhan adanya proses pengawasan yang lebih transparan. Menurut pandangannya, partisipasi masyarakat dalam sekretariat JETP Indonesia sampai saat ini belum optimal dan kurang mempunyai sistem untuk menyampaikan saran atau kritik dengan efektif. Harapannya, tim tugas tersebut akan memiliki ketentuan yang jelas tentang hal itu. oversight dari aspek publik yang lebih terang. </p> <p> Selain itu, dia mengira bahwa tim tugas khusus dibuat untuk membantu dalam pencairan dana peralihan energi serta konstruksi lingkungan yang berkelanjutan, termasuk perdagangan emisi. Namun, rincian besar dari rencananya masih kabur, katanya lagi. Menurut informasi yang mereka miliki hingga saat ini, sepertinya mayoritas upaya tetap difokuskan pada JETP dan Rencana Investasi dan Kebijakan Lengkap (CIPP). </p> <p> Wira juga menggarisbawahi bahwa keberhasilan dari tim tugas ini sangat tergantung pada hubungan yang baik dengan Badan Pengelola Investasi Dana Antarabangsa. "Jika tim tugas ini dirancang tanpa mempertimbangkan interaksi dengan Dana Antarabangsa, maka saya ragu apakah nanti tim ini akan menjadi hanya formalitas dan respons atas harapan-harapan para penyumbang dalam Program Beralih Energi Terbarukan," katanya. </p> <p> Tanpa adanya hubungan yang jelas dengan Danantara, Wira mengungkapkan kekhawatirannya bahwa proyek-proyek yang bertentangan dengan sasaran transisi energi, contohnya proyek Dimethyl Ether (DME), masih akan tetap dilanjutkan. Dia menambahkan meski satgas tersebut dinyatakan menjadi sebagian dari usaha untuk mencapai transisi energi yang lestari. </p> <p> Sebelumnya, Menteri Koordinator Bidang Perekonomian Airlangga Hartarto mengumumkan telah mendirikan Satuan Tugas Transisi Energi dan Ekonomi Berkelanjutan guna meraih sasaran peningkatan reduksi emisi. Pendirian tim khusus ini didasari oleh Keputusan Menteri Koordinator Bidang Perekonomian No. 141 Tahun 2025. </p> <p> "Indonesia masih mematok penurunan emisi sebanyak 31,89% dengan usaha sendiri, dan bisa mencapai 43% jika menerima dukungan keuangan dari luar negeri, semua itu bertujuan untuk tahun 2030," ungkap Airlangga saat konferensi pers di Kantor Kemenko Kemeri Ekonomi, Jakarta Pusat, Senin, 24 Maret 2025. </p> <p> Satuan tugas tersebut dikendalikan oleh badannya dan dirancang dengan empat timkerja. Empat bagian itu adalah Energi Terbarukan dan Penurunan Emisi pada Tahap Awal; Industri Ramah Lingkungan dan Reduksi Emisi pada Tahap Akhir; Kerjasama, Pendanaan, dan Investasi Berkelanjutan; serta Aspek Sosial, Ekonomi, Perlindungan Lingkungan, dan Pembinaan Kemampuan Sumber Daya Manusia. </p> <p> <strong> Ervana Trikarinaputri </strong> berkontribusi dalam tulisan ini. </p>

Klarifikasi Kurang Jelas: Peninjauan atas Mekanisme Kerja dan Pengawasan Satuan Tugas Transisi Energi

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DIWIDA , Jakarta - Pemerintah mendirikan Satuan Tugas atau Satgas Transisi Energi Dan Ekonomi Hijau untuk mengejar tujuan penurunan emisi. Akan tetapi, keefektifann…

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Cena prądu w Polsce najniższa w historii. Szokująca sytuacja na rynku energii

<img data-document-id="cms/api/amp/image/AA1BueFV" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1BueFV.jpg"/> <p> W Polsce wydarzyło się coś, co jeszcze kilka lat temu wydawałoby się niemożliwe – ceny energii elektrycznej na Towarowej Giełdzie Energii spadły do rekordowo niskiego poziomu. W sobotę 22 marca 2025 r. na rynku dnia następnego odnotowano wartość minus 429 zł/MWh. To oznacza, że odbiorcy z taryfami dynamicznymi faktycznie mogli zarabiać na poborze prądu. </p> <p> Ujemne ceny energii elektrycznej to zjawisko, które jeszcze kilka lat temu wydawało się abstrakcją. Jednak wraz z rozwojem odnawialnych źródeł energii, takich jak farmy wiatrowe i słoneczne, coraz częściej mamy do czynienia z sytuacją, gdy podaż energii przewyższa popyt. Wtedy, aby uniknąć przeciążenia sieci, producenci są gotowi płacić odbiorcom za to, że zużywają energię. </p> <h2 class="wp-block-heading"> Rekordowe minusy </h2> <p> 22 marca 2025 r. zapisał się w historii polskiej energetyki. W samo południe ceny na Towarowej Giełdzie Energii (TGE) osiągnęły rekordowo niski poziom – minus 429 zł/MWh. Dla wielu gospodarstw domowych, które korzystają z dynamicznych cen energii, był to pierwszy dzień, gdy wszystkie koszty związane z poborem prądu były ujemne. </p> <blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> <p> Dla większości odbiorców korzystających z cen dynamicznych zakupu energii w gospodarstwach domowych był to pierwszy dzień w historii, gdy wszystkie koszty łącznie: zakupu energii, akcyzy, narzutu sprzedawcy (Pstryk), opłat stałych i zmiennych dystrybucyjnych (taryfa G12 Stoen Operator) oraz VAT osiągnęły poziom ujemny – podaje portal Wysokie Napięcie . </p> </blockquote> <p> Serwis zaznacza, że pomiędzy godz. 12 a 15 łączne całkowite koszty zakupu energii osiągały od -2 do -19 gr/kWh brutto. Łączny koszt poboru ponad 20 kWh energii elektrycznej w sobotę wyniósł minus 1 zł. W „zamrożonej” taryfie całodobowej wyniósłby 24 zł. </p> <blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> <p> U większości sprzedawców energii w ofercie z cenami dynamicznymi (giełdowymi) odbiorcy korzystają ze stawek ujemnych. Pobór energii w tych godzinach obniża ich rachunki za zakup prądu. Wyjątkiem jest tu PGE, które nie dopuszcza uzyskiwania przez odbiorców korzyści z poboru energii w cenach poniżej zera – przypomina Wysokie Napięcie. </p> </blockquote> <p> <strong> Więcej o energetyce w Polsce przeczytasz na temat Spider’s Web: </strong> </p> Rafał Brzoska chce uprościć rachunki za prąd. I domaga się zmian w fotowoltaice W tych miejscach może stanąć druga polska elektrownia jądrowa. Miasta już się ścigają Rewolucja w pomiarach energii. Trzy miliony Polaków otrzyma nowe liczniki na prąd <h2 class="wp-block-heading"> Ryzyko i korzyści dynamicznych cen </h2> <p> Korzystanie z dynamicznych cen energii wiąże się z pewnym ryzykiem. Wiele godzin w roku łączne koszty zakupu mogą być wyższe niż w przypadku stałych taryf. Jednak, jak pokazała sobota, 22 marca 2025 r., w niektórych sytuacjach można dosłownie zarobić na pobieraniu prądu. </p> <p> Oczywiście, aby faktycznie zarobić na prądzie, trzeba mieć elastyczne podejście do korzystania z energii. Dobrze jest posiadać urządzenia, które można włączyć w określonych godzinach – pralki, zmywarki czy samochody elektryczne ładowane w trakcie najtańszych okresów. W firmach o dużym poborze prądu takie sytuacje mogą prowadzić do realnych oszczędności na poziomie tysięcy złotych miesięcznie. </p> <p> Coraz częstsze przypadki ujemnych cen pokazują, że rynek energii w Polsce przechodzi dynamiczne zmiany. Większy udział odnawialnych źródeł energii sprawia, że ceny są coraz mniej przewidywalne, a korzystanie z taryf dynamicznych może stać się w przyszłości normą. </p> <p> Jednak warto pamiętać, że taki model wiąże się również z ryzykiem. W okresach wysokiego zapotrzebowania i niskiej produkcji z OZE ceny mogą gwałtownie wzrosnąć i przewyższyć poziomy znane z taryf stałych. </p> <p> Dla gospodarstw domowych oznacza to konieczność bardziej świadomego zarządzania energią. Włączenie dużych odbiorników w czasie, gdy prąd jest najtańszy, może przynieść realne oszczędności. Z kolei brak elastyczności może sprawić, że użytkownik przepłaci za energię w okresach jej niedoboru. </p> <p> Warto śledzić rozwój rynku, bo podobne sytuacje mogą zdarzać się coraz częściej. </p>

Cena prądu w Polsce najniższa w historii. Szokująca sytuacja na rynku energii

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W Polsce wydarzyło się coś, co jeszcze kilka lat temu wydawałoby się niemożliwe – ceny energii elektrycznej na Towarowej Giełdzie Energii spadły do rekordowo niskiego poziomu. W sobotę 22 marca 2025…

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DEWA’s general assembly approves dividend payment of AED3.1 billion to shareholders for H2 of 2024

<img data-document-id="cms/api/amp/image/AA1Bn9Sn" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1Bn9Sn.jpg"/> <p> DUBAI, 21st March, 2025 (WAM) -- Dubai Electricity and Water Authority (DEWA) reported that its shareholders have, in the general assembly held today, approved the payment of total dividend of AED3.1 billion for H2 of 2024, with a record date of 31st March 2025. </p> <p> The meeting, chaired by Matar Humaid Al Tayer, Chairman of the Board of Directors of DEWA, was attended by Saeed Mohammed Al Tayer, MD&CEO of DEWA and Members of the Board of Directors of DEWA as well as 92.2% of the shareholders. During the meeting, a Board of Directors was elected for the next three years. </p> <p> Matar Humaid Al Tayer, Chairman of DEWA, said, "Dubai continues to consolidate its position as a global leader in economic growth, sustainability and innovation. At DEWA, we take great pride in being a key pillar of this success, ensuring that the energy and water infrastructure keeps pace with the rapid growth Dubai is witnessing.” </p> <p> Saeed Mohammed Al Tayer, MD & CEO of DEWA, said, “In 2024, DEWA Group delivered another year of strong performance, reporting consolidated full-year revenue of AED30.98 billion, EBITDA of AED15.73 billion and net profit after tax of AED7.23 billion Our consolidated annual revenue grew by 6.17%, primarily driven by rising demand for electricity, water, and cooling services.” </p> <p> “DEWA’s network now serves over 1.27 million customer accounts, and we take pride in achieving the world’s lowest electricity line losses at 2%; the world’s lowest water network losses at 4.5%; the world’s lowest Customer Minutes Lost (CML) of less than one minute per year—setting a global benchmark for reliability,” noted Al Tayer. </p> <p> “I am optimistic about our outlook for 2025, driven by the continued growth in tourism, residential, commercial and industrial demand; the expanding active daytime population in Dubai; and opportunities for business expansion and infrastructure development,” added Al Tayer. </p> Provided by SyndiGate Media Inc. ( <a href="http://syndigate.info"> Syndigate.info </a> ).

DEWA’s general assembly approves dividend payment of AED3.1 billion to shareholders for H2 of 2024

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DUBAI, 21st March, 2025 (WAM) -- Dubai Electricity and Water Authority (DEWA) reported that its shareholders have, in the general assembly held today, approved the payment of total dividend of AED3.…

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Laporan IEA Terbaru: Menghadapi Ketidakpastian Pasar dengan Teknologi Baru

<img data-document-id="cms/api/amp/image/AA1CgX7o" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1CgX7o.jpg"/> <p> <span> <strong> DIWIDA </strong> , JAKARTA — Agensi Energi Internasional (IEA) menyatakan bahwa sektor inovasi energi Dunia sedang berada pada titik di mana kita harus menghadapi ketidakpastian pasar. </span> </p> <p> <span> Menurut laporan terkini dari IEA, teknologi energi alternatif yang saat ini dalam pengembangan nampak semakin luas dan berpotensi dibandingkan dengan masa lalu. Meskipun demikian, ada indikasi perlambatan pada arus dana investasi serta pergantian fokus prioritas yang harus diwaspadai. </span> </p> <p> <span> Laporan yang bertajuk Keadaan Inovasi Energi ini menghadirkan analisis mendalam seputar pola-pola perkembangan inovasi. teknologi energi global. </span> </p> <p> <span> Berdasarkan sekumpulan data yang meliputi lebih dari 150 contoh inovatif serta survey kepada sekitar 300 profesional dari 34 negeri berbeda, hasil penelitian itu mengungkapkan dampak signifikan dari inovasi dalam meningkatkan realisasi tujuan-tujuan energi dan mendukung pertumbuhan industri lokal. </span> </p> <p> <span> Di samping itu, laporan tersebut juga menemukan berbagai kesempatan signifikan yang dapat membantu menjaga kecepatan perkembangan saat menghadapi ketidakstabilan ekonomi dunia. </span> </p> <p> "Inovasi merupakan nyawa bagi industri energi, khususnya pada era modern ini yang dinamis, mengingat perubahan campuran sumber daya energi global serta fenomena besar seperti elektrofikasi yang memberikan pengaruh signifikan," ungkap Direktur Eksekutif IEA Fatih Birol melalui laporan yang diposting di situs web resmi IEA, Jumat (4/4/2025). </p> <p> <span> Inovasi di bidang energi sudah menyumbangkan dampak positif signifikan terhadap aspek keuangan dan kesinambungan pasokan energi. Dana yang dialokasikan untuk riset serta pengembangan (R&D), seiring dengan munculnya krisis energi tahun 1970-an, membantu percepatan pembentukan teknologi nuklir dan berkuranginya ketergantungan beberapa negera atas sumber daya minyak luar negeri. </span> </p> <p> <span> Di samping itu, perkembangan teknologi baterai serta kendaraan listrik juga mengurangi ketergantungan pada impor minyak di China, sedangkan terobosan dalam teknologi shale telah mendorong AS berubah menjadi eksportir energi hijau. </span> </p> <p> <span> Namun, beberapa tahun terakhir telah menggambarkan pertumbuhan konsisten dalam inovasi, di mana pengeluaran riset dan pengembangan (R&D) energi baik dari sektor publik maupun swasta meningkat dengan laju rata-rata 6% setiap tahunnya. </span> </p> <p> <span> Tetapi, diprediksi bahwa pertumbuhan tersebut akan melandai di beberapa negara berkembang tahun lalu. Berbagai bidang tertentu, misalnya industri otomotif dan energi terbaharui, sudah mengungguli laju perkembangan ekonomi dari segi penelitian dan pengembangan (R&D), sedangkan sejumlah sektor lain seperti produksi beton, pembuatan besi baja, perusahaan penerbangan serta jasa logistik masih kurang memperdalam investasi mereka dalam teknologi yang ramah lingkungan dengan kadar emisi lebih rendah. </span> </p> <p> <span> Investasi dalam bidang teknologi energi pun mengalami kemajuan yang mencolok. Dana ventura (VC) di sektor ini meningkat lebih dari enam kali lipat antara tahun 2015 sampai 2022, jumlahnya setara dengan total penelitian dan pengembangan (R&D) energi yang dilakukan secara bersama oleh pihak publik. </span> </p> <p> <span> Akan tetapi, arus investasi ini menunjukkan penurunan melebihi 20% pada tahun 2023 dan 2024, seiring dengan situasi finansial yang makin memburuk. </span> </p> <p> "Bermacam-macam teknologi saat ini sepertinya telah dekat dengan pasar, memberikan harapan untuk peningkatan di bidang keamanan energi, affordability, serta berkelanjutan pada akhirnya. Akan tetapi, diperlukan modal, baik itu berasal dari pemerintah atau sektor bisnis privat, agar dapat mengakselerasikan ide-ide revolusioner tersebut. Waktu pengembaliannya mungkin tak selalu singkat, namun hasilnya pasti abadi," ungkapnya. </p> <p> <span> Bidang teknologi kecerdasan buatan telah tampil sebagai satu-satunya area yang mencatat peningkatan dalam hal investasi, walaupun demikian ini mungkin akan menyebabkan penggeseran dana dari sector energi. </span> </p> <p> <span> Laporan tersebut menunjukkan bahwa China sudah melampaui Jepang dan Amerika Serikat untuk menjadi pemimpin global dalam paten energi mulai tahun 2021, dengan mayoritas fokus mereka tertuju pada teknologi beremisi rendah. </span> </p> <p> <span> Patent global untuk teknologi beremisi rendah sejak tahun 2000 meningkat dengan kecepatan yang mencapai 4,5 kali lipat dibandingkan patent terkait bahan bakar fosil. </span> </p> <p> <span> Pada saat yang sama, Amerika Serikat tetap menjaga keranjang inovasi yang bervariasi antara sektor energi fosil dan energi terbarukan, sementas Eropa lebih giat dalam mengerjakan proyek-proyek teknik bertaraf internasional. </span> </p> <p> <span> Proyek-demo proyek berbasis teknologi energi berskala luas amat krusial bagi komersialisasi inovasi terbaru. Sampai tahun ini, dana dari sumber publik maupun pribadi yang diinvestasikan ke dalam jenis usaha semacam itu sudah merambah angka mendekati 60 milyar USD. </span> </p> <p> <span> Akan tetapi, banyak dari proyek tersebut masih mengalami keterlambatan akibat inflasi serta ketidaktentuan kebijakan, dan 95% dana yang tersedia hanya berkonsentrasi di Amerika Utara, Eropa, dan China. </span> </p> <p> <span> IEA menekankan bahwa untuk mempertahankan laju inovasi di sektor energi dibutuhkan kebijakan yang lebih berfokus pada penguatan anggaran riset dan pengembangan energi publik, bersama dengan mendukung para pencipta teknologi melewati berbagai fase ekonomi. </span> </p> <p> <span> Kolaborasi global diperlukan agar dapat lebih cepat mengembangkan dan mendistribusikan proyek-proyek contoh teknologi energi terbarukan. </span> </p>

Laporan IEA Terbaru: Menghadapi Ketidakpastian Pasar dengan Teknologi Baru

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DIWIDA , JAKARTA — Agensi Energi Internasional (IEA) menyatakan bahwa sektor inovasi energi Dunia sedang berada pada titik di mana kita harus menghadapi ketidakpastian pasar. M…

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Cut Your Energy Bill by $8 Billion: Here's How!

<p> Ahead of the upcoming federal election The Greens have committed $8 billion to assist households and enterprises in obtaining residential battery storage systems for solar power and transitioning to exclusively electric devices. </p> <p> This initiative would provide home installations with battery storage access to grants of up to $5000 and low-interest loans of $10,000. Meanwhile, small enterprises could receive grants worth $10,000 or opt for low-interest loans amounting to $50,000. </p> <p> Families would gain access to $10,000 grants along with $20,000 in low-interest loans aimed at installing suitable equipment like induction stoves and heat pumps, facilitating their transition away from gas appliances. For smaller enterprises, these amounts increase to $25,000 and $100,000 respectively. </p> <p> <strong> READ MORE: </strong> <strong> Australians share their thoughts on what constitutes a decent income. </strong> </p> <p> The Greens stated in a release that assisting individuals to switch to electric systems at home is among the most cost-effective methods for decreasing emissions and would yield the highest advantages for families. </p> <p> In total, the party claims that the policy would amount to an expenditure of $8.1 billion. </p> <p> In the long term, according to the Greens, the advantage would be lower electricity bills moving forward. </p> <p> "Not only will this lead to genuine reductions in pollution, but it will also result in sustained decreases in people’s electricity costs year after year," stated Greens leader Adam Bandt. </p> <p> “I’m hoping this initiates a competition for excellence. I encourage others to strive to surpass this policy,” Bandt stated. </p> <p> Implementing this could be one of the most effective ways for us to provide assistance with daily expenses. </p> <p> Australia leads globally in residential solar power installations with approximately 3.8 million houses equipped with panels but lacking energy storage systems. </p> <p> <strong> READ MORE: </strong> <strong> The least profitable Australian suburbs for selling your home </strong> </p> <img data-document-id="cms/api/amp/image/AA1Bdg4w" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1Bdg4w.jpg"/> <p> The Sydney-based president of Climate Action Burwood, Ken Enderby, currently utilizes electric devices along with an electric vehicle, all powered by his solar panels and battery system. </p> <p> "The electricity is generated, yet it doesn’t reach the places truly in need of it; these areas require more power during late afternoon and early evening. The sole method to achieve this is through the use of batteries," he explained. </p> <p> Several standalone parliament members have expressed backing for residential battery systems. </p> <p> As electricity costs are poised to increase once more, leading political factions are getting ready with their rooftop solar initiatives to unveil them throughout the upcoming electoral race. </p> <p> <strong> <em> DOWNLOAD THE 9NEWS APP </em> </strong> <strong> <em> Stay updated with the newest developments in breaking news, sports, politics, and weather through our news application, and receive alerts directly on your smartphone. The app is available for download now. </em> </strong> <strong> <em> Apple App Store </em> </strong> <strong> <em> and </em> </strong> <strong> <em> Google Play </em> </strong> <strong> <em> . </em> </strong> </p>

Cut Your Energy Bill by $8 Billion: Here's How!

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Ahead of the upcoming federal election The Greens have committed $8 billion to assist households and enterprises in obtaining residential battery storage systems for solar power and transitioning …

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Renewable Energy's Surprising Boost to the US Economy

<p> <h2 id="h-introduction-to-renewable-energy"> Introduction to Renewable Energy </h2> <img data-document-id="cms/api/amp/image/BB1raqfj" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/BB1raqfj.jpg"/> <p> The idea of renewable energy isn't novel, yet its influence on the United States' economy has never been greater. These resources derive from elements like sunshine, wind, and water, which constantly regenerate themselves. </p> <p> In contrast to fossil fuels, these resources are plentiful and sustainable. Over the past few years, the United States has made considerable progress in utilizing renewable energy, spurred by environmental worries as well as economic advantages. </p> <p> As technology progresses, the expense of renewable energy has dropped, rendering it an increasingly appealing choice for both companies and families. This transition to renewables isn’t solely about environmental conservation; it’s also reshaping our economic landscape. </p> <h2 id="h-job-creation-and-economic-growth"> Creation of Jobs and Boosting Economic Development </h2> <img data-document-id="cms/api/amp/image/BB1raE91" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/BB1raE91.jpg"/> <p> A significant effect of renewable energy on the US economy is the generation of employment opportunities. Industry analyses indicate that this sector has emerged as one of the quickest expanding areas for jobs within the nation. </p> <p> Positions in solar and wind energy sectors, for instance, have grown at a pace significantly faster than the national average. These roles are plentiful and varied, encompassing areas such as construction, installation, as well as research and development. </p> <p> The expansion of renewable energy positions aids in maintaining economic steadiness and offers chances for employees moving over from conventional power industries. This surge in job creation underscores the sector’s capability to spur economic advancement. </p> <h2 id="h-reducing-energy-costs"> Reducing Energy Costs </h2> <img data-document-id="cms/api/amp/image/BB1rawtb" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/BB1rawtb.jpg"/> <p> Renewable energy has the potential to significantly lower energy costs for consumers. As technology advances, the costs associated with producing renewable energy have decreased. </p> <p> This has led to more competitive pricing compared to traditional energy sources, such as coal and natural gas. The long-term savings for households and businesses can be substantial, freeing up capital for other economic activities. </p> <p> Additionally, renewable energy systems, like rooftop solar panels, can offer energy independence by reducing reliance on the grid. This shift not only benefits individual consumers but also enhances the overall economic resilience of communities. </p> <h2 id="h-energy-independence-and-national-security"> Energy Independence and National Security </h2> <img data-document-id="cms/api/amp/image/BB1raqfE" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/BB1raqfE.jpg"/> <p> Increasing the use of renewable energy sources also enhances national security by reducing dependence on foreign oil. The US has historically relied heavily on imported fossil fuels, which can be subject to geopolitical tensions and price volatility. </p> <p> By investing in domestic renewable energy, the US can achieve greater energy independence. This shift not only stabilizes the economy but also reduces the risk of energy supply disruptions. </p> <p> In essence, renewable energy contributes to a more secure and self-sufficient nation, which is crucial in an ever-changing global landscape. </p> <h2 id="h-environmental-benefits-and-economic-implications"> Environmental Benefits and Economic Implications </h2> <img data-document-id="cms/api/amp/image/BB1rawtk" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/BB1rawtk.jpg"/> <p> The environmental benefits of renewable energy are well-documented, but their economic implications are equally important. By reducing greenhouse gas emissions, renewable energy helps mitigate the effects of climate change, which can have severe economic consequences. </p> <p> Extreme weather events, rising sea levels, and other climate-related issues can disrupt industries and cost billions in damages. By investing in renewable energy, the US can reduce these risks and avoid the economic costs associated with climate change. </p> <p> Furthermore, the transition to cleaner energy sources can improve public health by reducing air pollution, leading to savings in healthcare costs. </p> <h2 id="h-innovation-and-technological-advancements"> Innovation and Technological Advancements </h2> <img data-document-id="cms/api/amp/image/BB1rao0S" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/BB1rao0S.jpg"/> <p> The push for renewable energy has spurred innovation and technological advancements in the US. Research and development in this field have led to more efficient solar panels, advanced wind turbines, and improved energy storage solutions. </p> <p> These innovations not only make renewable energy more viable but also position the US as a leader in the global clean energy market. As technology continues to evolve, the potential for further economic benefits increases. </p> <p> By staying at the forefront of renewable energy technology, the US can maintain a competitive edge in the global economy. </p> <h2 id="h-challenges-and-opportunities"> Challenges and Opportunities </h2> <img data-document-id="cms/api/amp/image/BB1raqfV" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/BB1raqfV.jpg"/> <p> While the benefits of renewable energy are clear, there are also challenges to consider. The transition from fossil fuels to renewable energy requires significant investment in infrastructure and technology. </p> <p> Additionally, there are regulatory and policy hurdles that must be addressed to facilitate this shift. However, these challenges present opportunities for growth and development. </p> <p> Through investments in renewable energy infrastructure and policy reforms, the United States can build a more sustainable and robust economy. While the shift might be intricate, the advantages in the long run significantly surpass the difficulties faced initially. </p> <h2 id="h-conclusion-of-the-summary"> Conclusion of the Summary </h2> <img data-document-id="cms/api/amp/image/BB1raux8" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/BB1raux8.jpg"/> <p> The impact of renewable energy on the US economy is profound and multifaceted. From job creation and energy cost reduction to national security and environmental benefits, renewable energy plays a crucial role in shaping the future of the economy. </p> <p> By embracing renewable energy, the US can achieve economic growth, energy independence, and environmental sustainability. The journey may be challenging, but the potential rewards make it a worthy endeavor. </p> </p> <p> What do you think about this topic? Share your thoughts in the comments below — we'd love to hear from you! Want more stories like this? Follow us and never miss out! </p>

Renewable Energy's Surprising Boost to the US Economy

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Introduction to Renewable Energy The idea of renewable energy isn't novel, yet its influence on the United States' economy has never been greater. These resources derive from elements lik…

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