First Independent Mena Newspaper
On September 9, the General Electricity Company of Libya (GECOL) issued urgent alerts to both the Attorney General and the Chairman of the National Oil Corporation regarding a severe fuel shortage impacting power generation stations nationwide. In its letter to the Attorney General, GECOL outlined how the lack of natural gas and diesel is causing […]
The Johannesburg Securities Exchange (JSE)-listed AEP Energy will convert the two diesel-fired Nairobi power plants it’s acquiring from Iberafrica to gas-fired generators whose electricity is cleaner and cheaper, the company said. The South African giant is buying out Spanish company Naturgy Energy Group, which held 100 per cent shareholding in the Iberafrica diesel plants […]
Morocco’s spending on cooking gas and sugar subsidies rose sharply to nearly $700 million in the first half of 2017, compared to $481 million in 2016, the subsidy fund, Caisse de Compensation, said. During the first half of 2017, spending on cooking gas increased 70 percent year-on-year from $310 million to $525 million, while spending […]