Capture décran 2022 05 02 à 23.07.08
#Actualite #Electricity #Energy #Hydrocarbons #News #Oil #DRC
melanie
5 May 2022 Last update on Thursday, May 5, 2022 At 10:01 AM

To boost the socio-economic growth of the Democratic Republic of Congo, the Congolese authorities are pursuing a strategy aimed at forging partnerships to encourage investments in the national energy sector.

The Congolese Minister of Hydrocarbons, Didier Budimbu Ntubuanga, has made a trip to Kuwait since April 28. A visit, the objective of which was to discuss with Fouad Alghanim, boss of the conglomerate Alghanim International, the opportunities offered by the oil and gas sector of the DRC, in connection with the next round of licensing, scheduled for June 2022.

The exchanges mainly focused on the question of the transformation of gas from Lake Kivu into electricity. A project which, once operational, will effectively meet the energy needs of local populations, among others.

According to Alghanim, the Congolese hydrocarbon sector represents an interesting opportunity for the company he heads. The boss indicated the commitment of Alghanim International to bid for the next round of tenders to be launched in the DRC.

The official also mentioned a visit to the DRC “in the coming days”. The meeting will make it possible to continue the talks initiated and, potentially, to sign agreements relating to the implementation of development projects, including the transformation of the gas resources of the lake into electricity.

Lake Kivu is one of the largest rivers in Africa, common to the DRC and Rwanda. With the 60 billion m3 of dissolved methane it houses and the 300 billion m3 of CO2 it generates, due to its location in an active seismic zone, Lake Kivu has the potential to provide, despite the risks, more than 700 MW of electricity over at least 50 years, according to several estimates.

Unlike Rwanda, which since 2008 has initiated various projects aimed at exploiting the resources of Lake Kivu, the DRC’s commitment to the project is recent. In 2019, the country signed an agreement with the Tunisian company Engineering Procurement & Project Management (EPPM) to produce electricity via the degassing of the Congolese part of the lake.

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