Post: Slight drop in total electricity production, late in May 2024 (National Energy and Mines Observatory)

Tunis: The total electricity production recorded, at the end of May 2024, a slight decrease of 0.5% to stand at 7,026 GWh (including renewable self-production), according to the Energy Situation, published Wednesday by the National Energy and Mines Observatory.Production intended for the local market, however, recorded a slight increase of 0.3%. Thus, electricity purchases from Algeria and Libya covered 13% of the needs of the local market, during the first five months of 2024.STEG still retains the lion's share of electricity production with 96% of national production at the end of May 2024.Electricity produced from natural gas (STEG + IPP) fell by 2%, while electricity production from renewable energy stood at 5.7%.245 MW of photovoltaic roofs were installed in residential areas and 314 authorizations were granted for a total power of 112MW in the industrial, tertiary and agricultural sectors, at the end of May of 2024.It should be noted that the electricity peak registered a drop of 8% to stand a t 3,073 MW at the end of May 2024 compared to 3,337 MW at the end of May 2023.Regarding electricity sales, the Observatory reported a decrease of 3% between the end of May 2023 and the end of May 2024, due to the decline in sales by high voltage customers of 14%, and those of medium voltage customers of 0.5%.Note that low voltage sales are mainly intended for the residential sector (nearly 75% on average).Industrialists are the largest consumers of electricity with 60% of total demand from High Voltage and Medium Voltage customers, at the end of May 2024.The majority of sectors recorded a drop in sales, mainly the paper and publishing industry (-17%), IMCCV industries (-13%), basic metallurgical industries (-10%) and industrial Food and Tobacco (-7%). On the other hand, chemical and petroleum industries as well as mining industries reported an increase in sales of 8% and 5% respectively.Source: Agence Tunis Afrique Presse

First Simandou Mining Summit Draws Over 1,000 Delegates to Conakry

Conakry:Guinea is hosting the inaugural Simandou Mining Summit in Conakry from November 11 to 14. The event, themed “The Mining Industry A Catalyst for Economic Sovereignty,” is organized by the Simandou Strategic Committee in collaboration with the M…

Biovéa Biomass Power Plant Inaugurated in Ayébo, Ivory Coast

Ayébo:The 46 MW Biovéa Énergie biomass power plant was inaugurated in Ayébo, located in the Aboisso sub-prefecture of the Sud-Comoé region. The inauguration ceremony, held on November 5, was attended by the Minister of Mines, Petroleum and Energy, Mam…

Ethiopia’s GDP Reaches $210.7 Billion Following Rebasing

Addis Ababa:Ethiopia’s Finance Minister, Fitsum Assefa, has announced the results of the GDP rebasing with the Ethiopian fiscal year 2017 (2024/25) as the new base year. The announcement was made in Addis Ababa on November 4.

According to Africa New…