Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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India is Developing World (China sort of now breaking out/ has broken out). I would be put Africa in the same class as India.
I wrote this elsewhere:
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GEs attempted sharp and complete exit away from coal is daft, since,
a) There remains a sizeable market, when we consider that far too many countries in the Developing World have large sections of their populations with such low levels of access to power, where there are regular power outages, and not enough electricity/ power to drive development growth and investment, across Africa and Asia especially. There is a signficant market still there
b) They just bought Alstom power division. They should be phasing out of coal gradually. GE have long been under pressure to halt work around coal but could have easily exited in a phased way. They are in the midst of projects that would see their tech and equipment being used (i.e. much needed revenue/ profit)
Been following GE for a while, saw their purchase of Alstom as a critical signal project would go ahead, as they needed it (and others like it).
[...]
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We still don't know if GE sticking with NCCL, but your post Glen is giving us a major clue here. Thanks again!!
In last message I meant to say Europe/Amarica
Hi, I think the question you should be asking is if any potential new build in Africa is in the same category as India/China or UK/America
Cheers Glen
Really useful glenmorangie thank you! What is your interpretation of the term "new build"? Is that no future commitments to coal power stations from x date, or is that projects that have been agreed on paper but not yet under construction will no longer be supplied by them?
That is helpful glenmorangie - extremely helpful!
Hi All,
Thought you might want to hear about a conversation that I had with GE and this is not insider information. I asked the individual for clarity regards the GE announcement because they are a Supplier and contractor to our business in the UK and wanted to know if this would impact on their ability to service us.
He told me, as far as he is concerned that nothing is getting sold off (he realised the headlines were quite severe)- that the only impact is that there will be no new build Coal Power stations in Europe and the US. He said that their activities in China and India have not been affected (at this moment in time) regards new builds. I asked him about activities in Africa but he was not aware of any, probably because he is not privy to activities in that Geography. There was more I spoke to him about but not related to this project.
So now we have to work out what it means to the Ncondezi project.
Glen
Right, this thread gives me the opportunity to post some research and digging around I did a couple of weeks back. Following Tranmission news, and knowing the World Bank had been involved, I contacted the WB. I asked about the transmission line and power sources etc. Below is what they said (I've omitted/redacted unnecessary or irrelevant sections):
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"The Moz-Malawi interconnection is [...] connecting Matambo substation in Tete, central region of Mozambique to Malawi."
"Power to be evacuated from Matambo substation is provided by sources of energy in Tete region. Both government of Mozambique and Malawi have already signed a power purchased agreement for energy between the two countries. Additionally, Malawi will have access to the SAPP market through this interconnection and can sign bilateral contracts for energy trade."
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Remembering that that Interconnector (line) and substation development programme has just reached Financial Close, with Germany, World Bank and Norway (for $127m), where NCCLs Trasmission Study had direct input, where that Interconnector (line) is connecting Malawi with Matambo, in Tete; where we learn that Moz want not 300MW of power from Tete-derived power but a total of 1200MW, phased in between 2023 (when the first 300MW goes into operation) and 2030, then 4th 300MW comes on line)
GEs tech and equipment is clearly valuable, but it's not the end of the world, the situation can be rectified. However, we do wait to see what GE do with their coal-tech power division. We also wait to see if they are exiting our project on the way to exiting coal. We know they say they will still be supporting existing plants and continuing to service live contracts.
But, in the end, what is unfolding in Moz is way bigger than GE and has been moving ahead regardless of GE. Will be great if we can keep them. But there are options available if not - as NCCL themselves have said.
Thanks for that Hammerphil. The slight delay is not too big and is just a part of the process. Interesting question though about who the participating parties may be, with your mention of CMEC in that. Very possible.
Re: transmission integration update, there may be a hold up but may be more to do with all the other news we are waiting for i.e. Historic Costs and GE specifically.
The GE thing is deeply irritating, as they'd been having such diminished role in this. And while their tech and equipment was an important, this can be 'rectified' as another poster explained.
...although I would hope this wouldn’t have an impact on our transmission integration update.
FYI all - cheeky email to EDM last night resulted in a response saying that the deadline for bids has been pushed back 3 weeks (13th October). Following this closely as it’ll be interesting to see who the participating parties are (ie CMEC).