The UK government has declined to enter formal negotiations for a long-term green electricity purchase agreement with Xlinks, the company behind a proposed £20 billion subsea power cable linking Morocco to the UK. The decision, confirmed earlier this month, effectively rules out a 25-year Contract for Difference (CfD) that Xlinks had sought to secure financing […]
The UK upstream Morocco-focused Sound Energy inked a gas supply deal with Morocco’s ONEE, state-owned power company. Under this preliminary agreement, Sound Energy will commercialize the gas found in the Tendrara permit where it holds 47.5%, alongside Schlumberger, which has a 27.5% direct interest and the state’s hydrocarbons office ONHYM with 25%. The East Morocco […]
Zambia has reduced hydropower production at the Kariba Dam because of rapidly declining water levels at the world’s biggest man-made reservoir. The power station straddles the border with Zimbabwe and supply both countries with electricity. According to Reuters, the two countries have agreed to reduce electricity production on each side of the border, from about […]
