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South Africa’s Solar Power Concentrated Project Achieves Financial Milestone

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The Redstone Concentrated Solar Power (CSP) Project, South Africa’s largest renewable energy investment to date, has achieved its first debt drawdown.

Construction on the project in the Northern Cape province of South Africa, which falls under the country’s Renewable Energy Independent Power Producer’s bid window 3.5 that only focused on CSP power, started in May 2021, soon after it achieved financial close.

The plant is expected to start operating by the end of 2023.

The African Development Bank (AfDB) is acting as the mandated lead arranger and coordinating bank for the R11.6 billion ($764,63 million) total investment, with a commitment of R2,306bn ($151,95m).

The project has also secured financing from international and South African financial institutions including ABSA Bank, CDC Group, Development Bank of Southern Africa (DBSA), Deutsche Investitions- und Entwicklungsgesellschaft (DEG), Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO) Investec Bank, Nedbank Limited, Sanlam Limited and the Industrial Development Corporation of South Africa.

Redstone CSP is led by Saudi developer/investor ACWA Power which is also the lead shareholder in the project with co-shareholders including the Central Energy Fund, Pele Green Energy and the local community.

International Atomic Energy Agency Team Arrives Japan To Inspect Fukushima’s Treated Water

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A Task Force established by the International Atomic Energy Agency (IAEA) has arrived in Japan to review the safety of the planned release of treated water from the Fukushima Daiichi nuclear power station.

The Task Force will hold technical discussions in Tokyo and visit the site to observe the handling of the water now stored in tanks.

The Government of Japan announced its basic policy last year to gradually discharge the treated water into the sea.

It requested the IAEA’s assistance to ensure it occurs in line with international safety standards and without harming public health or the environment. To this end, the Task Force will be in the country from 14-18 February.

The team comprises staff members from IAEA departments and laboratories, as well as eleven independent, internationally recognized experts with diverse technical competencies, according to IAEA.

On the last day of the visit, Lydie Evrard, IAEA Deputy Director General and Head of the Department of Nuclear Safety and Security, will address the media at a virtual press conference to discuss progress and findings.

The Task Force members will serve in their individual professional capacities and will report to Director-General Grossi. The findings from each mission will be published and compiled into a full report.

According to the IAEA, water from the Fukushima nuclear power station is treated through a process called “Advanced Liquid Processing System (ALPS) to remove radionuclides except for tritium and then stored at the site.

Adulterated Fuel: House of Reps Summons Oil Firms, PDP Flays N201BN Clean-up Vote

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Chairman of the House of Representatives Committee on Petroleum (Downstream), Abdullahi Mahmud Gaya, has summoned officials of oil firms allegedly responsible for supply of adulterated fuel into the country.
Gaya, who made this known during an investigative hearing on importation of adulterated Premium Motor Spirit (petrol) in Abuja, said it was incumbent on officials of the firms to explain their roles in the matter.
He reiterated the resolve of the House to proffer solutions to challenges of fuel supply in the country. He added: “Even though methanol is a regular additive in petrol, it is usually blended to acceptable quantity. The recent supply is injurious to our fragile economy and the generality of our citizens.”
But Group Managing Director of Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, who appeared before the lawmakers, absolved his outfit of blame since it was not aware of the presence of methanol in the fuel imported.
Admitting that methanol is one of the additives used during the fuel refining process in Europe and China, he assured the lawmakers that the problem would not repeat again.

Dubai Power Plant Converts To Gas, Adds 1,200MW To Capacity

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The recent conversion of DEWA’s Hassyan Power Complex from clean coal to gas will add 1,200MW to Dubai’s capacity.

Dubai Electricity and Water Authority (DEWA) will add a total of 1,200MW to Dubai’s grid via an Independent Power Producer (IPP) agreement.

According to the utility, an additional 600MW will be added in Q4 of 2022 and another 600MW by Q3 of 2023, raising the capacity of the Hassyan Power Complex, which has been converted recently to run only on natural gas instead of clean coal, to 2,400MW.

The Hassyan Power Complex was initially designed and built-for-purpose as a dual-fuel plant with the ability to operate full-time on both natural gas and clean coal. It now relies only on natural gas.

In a release from DEWA, HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, said this adds to the Jebel Ali Power Plant and Water Desalination Complex as one of the key pillars to providing Dubai with quality electricity and water services reliability and efficiency.

Jebel Ali’s production capacity is 9,547MW, with DEWA’s total production capacity now 13,417MW, which includes 1,527MW of renewable energy using photovoltaic solar panels from the Mohammed bin Rashid Al Maktoum Solar Park.

The Hassyan Power Complex also includes a water desalination project with a production capacity of 120 million imperial gallons per day using reverse osmosis (RO) and utilises an Independent Water Producer model.

New RO stations are currently underway, as they use less energy compared to Multi-Stage Flash, which makes it the best option for water desalination.

Yellen Says High US inflation ‘not acceptable’ But Recovery on Track

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Treasury Secretary Janet Yellen Soaring U.S inflation rates are “not acceptable” but the health of the world’s largest economy is fundamentally sound thanks to policies that have mitigated the impact of the pandemic.
Yellen conceded in an interview she is “concerned” about inflation running at its highest level in decades, and warned of further “global fallout” if the West moves ahead with punishing sanctions on Russia over the Ukraine crisis.
But President Joe Biden’s Treasury chief struck a confident note on the broader outlook for the US economy, which despite two years of pandemic upheaval has avoided the catastrophic damage seen in the wake of the 2008 global financial crisis.
In particular, Yellen pointed to the strength of the job market. And she voiced confidence that the Federal Reserve will act in an “appropriate way” to contain inflation while ensuring the US recovery continues.
Prices have been on the rise globally for months, triggered by pandemic supply and logistics snags that initially hit industries like autos and appliances, but have since spread to a wide range of goods.
US consumer prices in January climbed 7.5 percent compared to a year earlier, their largest increase since February 1982.
Months of surging prices defied predictions from central bankers and other economists who said inflation pressures would abate quickly, and have undermined Biden’s popularity.

Egypt Power Plant: Italian Power Company Wins Gas Turbine Deal

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Italian power company Ansaldo Energia has been awarded a 20-year maintenance contract for the gas turbines at the 6th October power plant in Cairo, Egypt.

The 1518.5MW plant is owned by Cairo Electricity Production Company and consists of an open cycle and a combined cycle phase.

Each of the two phases is equipped with four AE 94.2 gas turbines built at the Ansaldo Energia site in Genoa.

The new turnkey long term service agreement will cover all eight turbines and will replace the expiring frame service agreements currently in place.

“Service is a strategic asset for Ansaldo Energia, strengthening long term relationships with key customers and paving the road to keep enhancing our products,” said Giuseppe Marino, CEO of Ansaldo Energia.

The new service agreement will provide for parts supply, maintenance activities, repair of vanes, spare parts, and instrumentation, as well as staff training.

2022 Business Council: Nigeria, Ghana seek end to retaliatory tariff, trade policies

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Ghana High Commissioner to Nigeria, Rashid Bawa, has expressed readiness by the Government of the Republic of Ghana to cooperate, collaborate and work closely with the Nigerian government for the sustainable development of the economies of both countries.
He stated this at the 2022 forum of Ghana Nigeria Business Council (GNBC) and Ghana Investment Promotion Council (GIPC) for Chief Executive Officers, in Lagos South West Nigeria.


Represented by Consul-General of Ghana in Lagos, Madam Samata Gifty Bukari, Bawa, said relations between the two countries have been sustained by collaborations between their private sectors, adding that this development has positioned Ghana and Nigeria as the two dominant economies in the West African sub-region.
He mentioned that the perennial tension between Ghana and Nigerian traders in Ghana are being resolved. Let me disclose that the Ministers of Trade of Ghana and Nigeria, late last year, signed a joint agreement that establishes a framework to guide the engagement between the two countries in resolving issues between Ghanaian retail traders and their counterparts from Nigeria.


“ As the economic and trade relations between the two countries warm up, as world economies are beginning to find ways of functioning in the midst of the pandemic, the desire for deepening cooperation among enterprises is growing stronger. It is, however, disheartening to learn that many Nigerian entrepreneurs still fall short of the knowledge of and connectivity to the Ghanaian market. Many are oblivious of the huge potentials that exist in Ghana.
“It is a matter of fact that mutual understanding of the economies of our two countries with a positive attitude would further promote and strengthen our bilateral relations and escalate the growth of business cooperation,” he said.

Bill to Establish School Of Nursing, Midwifery In Kwara passed for Public Hearing

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A Bill to establish the Federal College of Nursing and Midwifery, Ayedun in Oke-Ero Local Government Area of Kwara has passed for public hearing in the House of Representatives.

The private member bill sponsored by Hon. Tunji Olawuyi (APC-Kwara) was passed and referred to the House Committee on Health Institutions for further legislative action.

In his lead debate, Hon. Olawuyi expressed optimism that the College when operational will help in strengthening the primary healthcare system in the country.

Olawuyi said that the only solution to strengthening the primary healthcare system was by reinforcing investment in the health sector.

He said that the traditional rulers and elders of the constituency had unanimously resolved to donate at least 100 hectares of land for the establishment of the Institution.

According to him, this will provide an enabling environment for the teeming youths across the country to be trained in nursing and midwifery.

The lawmaker said that this had become necessary, especially at a time when the country was suffering from a dearth of health and medical manpower.

“The passage of the bill will go a long way to stop the brain drain of medical and health personnel to foreign countries.” Hon. Olawuyi said.

“It is also worthy to note that the proposed institution, when established will also pave way for several aspiring undergraduates to gain admission since most of the existing tertiary institutions are saturated,” he added.

He said that most Nigerian youths had been deprived of gaining admission into various institutions of their choice, especially in nursing and midwifery for lack of sufficient health institutions.

Recall that the bill first passed through the first reading on October 7, 2021, in the House of Representatives.

UNICEF donates drugs, medical consumables worth $220,000 to Yobe

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The United Nations Children’s Fund (UNICEF), on Wednesday, donated drugs and medical consumables worth $220,000 to the Yobe government.

Presenting the items in Damaturu, UNICEF Chief Field Officer, Maiduguri, Dr. Phuong Nguyen, said the gesture was part of the organisation’s efforts to improve maternal, neonatal, and child survival.

Dr. Phuong Nguyen

“Today, we are laying the foundation for optimum well-being for thousands of children born and yet to be born in conflict-affected areas of the North-East.

“With this intervention, pregnant women in Yobe State would be able to access primary healthcare services close to their homes.

“Among the drugs being handed over are antimalarial, analgesic, antibiotics, and other drugs and equipment.

“These medicines would help ensure that newborns and children under the age of five, received protection from malaria, cholera, diarrhoea and other deadly childhood diseases,” she said.

Read Also: Buhari leaves Nigeria for Belgium ahead of EU-AU summit

Nguyen said the organisation would spend an additional $300,000 to support primary healthcare centres across the state.

Receiving the items, Dr. Babagana Machina, Executive Secretary, State Primary Healthcare Management Board, thanked UNICEF for the support and promised to use the items judiciously.

Once Upon A Time – Feb. 17 – 1876 – Sardines First Canned By Julius Wolff In Eastport, Maine

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1568 Holy Roman Emperor Maximilian II agrees to pay tribute to the Ottoman Empire for peace

1865 Columbia in South Carolina burns down during the American Civil War

1876 Sardines first canned by Julius Wolff in Eastport, Maine

1926 Arrest of Dr. Kao, a Chinese Christian who had moved into the pagan city of Gan-djou to act as a Christian witness. Authorities are angry at him for exposing criminal activities in the city government. He will suffer in jail for many months.

1972 British Parliament votes to join the European Common Market

2017 Discovery of a new mostly underwater continent Zealandia in the South Pacific announced in research journal “GSA Today”

Historical Events Today

Today In Music

1904 Giacomo Puccini’s opera “Madama Butterfly” premieres in Milan

Today In Sport

1955 Mike Souchak sets PGA 72-hole record of 257 (not broken until 2001)

Do You Know This Fact About Today?

1936 The world’s first superhero, The Phantom, a cartoon strip by Lee Falk, makes his first appearance in comics

Would You Believe This Fact About Today?

2016 Oldest known case of human-Neanderthal sex (100,000 yrs ago) revealed by Max Planck Institute for Evolutionary Anthropology (Leipzig), 50,000 yr old Neanderthal woman’s remains from Altai mountains show traces of Homo Sapiens DNA

Famous Weddings

1841 Dutch ex-king Willem I marries Henriette d’Oultremont de Wégimont

1906 26th US President Theodore Roosevelt’s daughter Alice marries in the White House

1950 Natural history broadcaster David Attenborough (24) weds Jane Elizabeth Ebsworth Oriel