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The closing of the 450MW Temane power plant’s $652.3m debt financing shows that well-structured gas-fired projects can be aligned with developmental goals and international climate concerns to promote a just energy transition in Africa, writes Dan Marks.
Issue 452 - 17 December 2021
Gas, Power, Finance
President Félix Tshisekedi’s efforts to revive Democratic Republic of Congo (DRC)’s attraction to international oil companies (IOCs) are admirable on paper, as are his efforts to revive – and bring improved governance to – the crucial energy and mining sectors. Having broken with his alliance of convenience with ex-president Joseph Kabila, Tshisekedi’s government is looking for takers for blocks 1 and 2 in the Albertine Graben, and there is talk of a new licensing round (see Upstream page 18), with plans to tender for 16 oil and three gas blocks in the onshore Atlantic basin, Cuvette Centrale and the western Rift Valley.
Issue 450 - 24 November 2021
Gas, Power, Upstream, Finance, Politics
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