Featured

The Namibian Kudu gas-to-power project, which is aimed at easing Namibia’s reliance on imported electricity, has received a boost as a result of BW Kudu, a wholly-owned subsidiary of Singapore-based BW Offshore, formally taking over as the upstream operator on the licence. BW Kudu has a 56% working interest, with the National Petroleum Corporation of Namibia (Namcor) retaining 44% interest in the Kudu licence.

Kudu gas to power project gets new upstream operator1The Kudu gas field, which was discovered by Chevron in 1974 approximately 170 km off the Namibian coast, needs gas to be produced by a floating production unit before being exported by pipeline to an 885 MW gas-to-power plant onshore. The Kudu gas project, which was initiated in 1997 and established in 2005, was expected to be commissioned by end of 2017. The project has, however, been delayed by the upstream side of the project.

Late last year, the project was downsized from 800 MW to 442 MW. The decision to scale down the project to 442MW was taken at a stakeholders meeting that included Namcor, BW Offshore, NamPower and the Namibian government.

BW Offshore has now started working with government, Namcor, NamPower, large infrastructure investors and other stakeholders to get this massive project to its final investment decision, the company said in a statement. According to local media, the Namibian government is yet to decide whether to commit any funds to the development of the Kudu project. The project, which was initially expected to cost US$1.2 billion, is now expected to cost around US$600 million.

Namcor selling 56% of the shares in the project was a requirement as a result of the fact that the Namibian government had at first refused to bankroll the project, saying Treasury did not have sufficient funds to pay for this project for the next 10 years. Namcor had been struggling to find a partner for two years until BW Offshore bought the remaining 56% last year.

Reports indicate that Namibia’s power utility, NamPower, which owns 51% shares of the downstream project, is also looking at selling shares. In addition, talks between NamPower, Namcor and several partners are looking at concluding several important agreements, among them the gas sales agreement.

Image credit: http://www.mme.gov.na/petroleum/kudugas/

Magazines

African Fusion

AfricanFusionAfrican Fusion, the official publication of the Southern African Institute of Welding (SAIW), aims to provide up-to-date insight into welding technology and the welding industry.

Capital Equipment News

Capital Equipment News is dedicated to the application of equipment and modes of transport that are used in the mining, construction, quarrying, and transport industries.

Construction World

ConstructionWorldConstruction World was first published in 1982 and has grown to become a leader in its field, offering a unique mix of editorial coverage to satisfy the diverse needs of its readers.

Electricity + Control

ElectricityandControlE + C publishes innovative, technical articles that provide solutions to engineering challenges in measurement, automation, control, and energy management.

Lighting in Design

LightingandDesignLighting in Design is a glossy, upmarket publication aimed at lighting professionals. It is the only B2B magazine in SA that is dedicated solely to the subject of lighting.

MechChem Africa

MechChemJanuary2017cover MechChem Africa supports African engineering and technical managers across the full spectrum of chemical and mechanical disciplines.

Modern Mining

ModernMiningEstablished in 2005, Modern Mining is one of SA's leading monthly mining magazines, noted for the quality and accuracy of its writing and the breadth of its coverage.

Modern Quarrying

ModernQuarryingModern Quarrying is firmly entrenched as a leading industry-specific magazine. It focuses on promoting the science and practice of quarrying and processing in southern Africa.

Sparks Electrical News

SparksElectricalNewsReadable and informative, Sparks Electrical News is the newspaper for those involved in installing and maintaining electrical supplies and equipment.

 
Full Name*
Invalid Input

Company Name*
Invalid Input

Your Email*
Invalid Input

Phone*
Invalid Input

Postal Address 1*
Invalid Input

Postal Address 2*
Invalid Input

Postal Code*
Invalid Input

Street Address 1
Invalid Input

Street Address 2
Invalid Input

Postal Code
Invalid Input

Town / City*
Invalid Input

Country*
Invalid Input

Magazine

Invalid Input

Invalid Input