Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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https://af.reuters.com/article/investingNews/idAFKBN1W11PC-OZABS
Dangote powers cement plant in Tanzania with gas turbines
By Damilare Famuyiwa - August 26, 2019
https://nairametrics.com/2019/08/26/dangote-powers-cement-plant-in-tanzania-with-gas-turbines/
The management of Dangote Cement has made known that its cement plant in East African country, Tanzania now runs on gas turbines, just as it announced that its Pan African sales increased by 2.7% to nearly 4.7 million tons for the 6-month ended Sunday, June 30, 2019.
Knowledgebase: The gas turbine is the engine at the heart of the power plant that produces an electric current. It is a combustion engine that can convert natural gas or other liquid fuels to mechanical energy. This energy then drives a generator that produces electrical energy. It is electrical energy that moves along power lines to homes and businesses.
To generate electricity, the gas turbine heats a mixture of air and fuel at very high temperatures, causing the turbine blades to spin. The spinning turbine drives a generator that converts the energy into electricity.
The gas turbine can be used in combination with a steam turbine — in a combined-cycle power plant — to create power extremely efficiently.
Is Dangote Cement’s usage of gas turbines laudable? Other manufacturing firms may consider following Dangote Cement’s path, as the usage of gas turbines is gaining popularity.
Lower operational cost is one of the primary reasons why gas turbines have gained so much popularity. When compared with other low-carbon emission alternatives like nuclear and renewable energy, the cost involved in the initial operation of gas turbines is quite low. Therefore, along with being cost-effective, gas turbines are also one of the best options for cleaner power generation.
With stringent carbon emission regulations, volatility in fuel costs, as well as an emphasis on high performance at low costs, gas turbines have emerged as the most viable option. Not only are they cheap, but gas turbines are also durable and efficient with less operational failure and downtime. In fact, gas turbines manufacturers have created highly durable turbines that require less frequency of service.
https://demo.dailynews.co.tz/news/2019-08-085d4bb9c8d31c1.aspx
Hmm.... that saving would indeed not match.
On the other hand: TPDC are expecting to collect 620m/-per year at the initial stage, or about US$ 269k per year. At 0.11 MMscf/d annual average, this matches with a sales price of about 7 US$/Mscf, which sounds quite reasonable.
In any case, it's good news; all we need is production growth. I'd love an announcement from WEN that average production exceeded 100 MMscf/d the last three months...... (would prefer such an announcement over a small dividend in fact)
I think those numbers are wrong. They expect to save USD 3M anualy by changing from coal. 11 to 78 MMscf/d?
“gas demand profile will grow gradually each year from 0.11 million standard cubic feet (mmscfd) in next year to 0.78 mmscfd in a year 2028“
Less than peanuts unfortunately.
https://allafrica.com/stories/201908070702.html
More demand for gas https://allafrica.com/stories/201908070702.htmlhttps://www.globalgypsum.com/news/itemlist/tag/Knauf%20Gypsum%20Tanzania