Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
What is the renewable energy potential in Tanzania?
Tanzania has high resources for each of wind, solar, hydropower, biomass and geothermal:
Geothermal: as a result of the East African Rift System, Tanzania has a potential of 650MW of geothermal and around 50 potential sites have been identified as suitable for development. The GoT established the Tanzania Geothermal Development Company Limited as a dedicated public entity to oversee geothermal development in the country and is assisted in this by the African Development Bank (in its capacity as implementation agency under the World Bank’s Climate Investment Fund Scaling Up Renewable Energy in Low-Income Countries Program). On-going exploration work is being carried out by Geothermal Power Limited, a joint venture between German, Australian and Singaporean partners.
Wind: there are a cluster of wind project sites around Singida (as a result of average wind speeds of eight metres per second) and elsewhere in the country. One of these sites is being developed by East Africa Wind Energy (which is backed by Aldwych International, the IFC, Singida Municipality and the National Development Corporation). It is expected to start operating by the end of 2017 with a capacity of 100MW.
Hydropower: Tanzania has a potential hydropower capacity of 4700MW, only 561MW of which has been developed so far, so there is much room for further development. There are several major hydropower projects in the pipeline in Tanzania, such as the 358MW Ruhudji hydropower project which has been under development for some time, involving a consortium of investors led by Aldwych International. However, changing weather patterns and their impact on the existing hydropower plants (which saw generation drop to as low as 110MW in late 2015) has given fresh impetus to broadening the power mix away from what is viewed as the country’s traditional over-reliance on large-scale hydropower.
Biomass: various small scale biomass projects are being developed, particularly as part of agro-energy projects, and we see biomass as having significant potential in Tanzania.
Solar: the mean solar energy density in Tanzania is about 4.5kW per square metre per day, which indicates its potential use as an energy source. Various solar developers are setting up small solar photovoltaic (PV) projects (with the largest being a 60MW project in Shinyanga for which feasibilty studies are being carried out), but none as yet are operational.
Whilst the rapid spread of solar photovoltaics (PV) across Africa has already transformed millions of lives, it has yet to have an impact on the main energy need of poor households: cooking. In the context of falling global PV prices, recent advancements in battery technology and rising charcoal/fuelwood prices in severely deforested regions, the door is opening for a potentially transformative alternative – solar electric cooking (PV-eCook). While initial investigations focused on solar home systems sized for cooking (cooking device, battery storage, charge controller and PV array), it has since been shown that battery-supported electric cooking (eCook) can also strengthen national, mini, micro and nano grids. This paper presents a multi-criteria decision analysis (MCDA) based methodology, accounting for a wide variety of socio-cultural, political, technical and economic factors which are expected to affect the uptake and potential impact of eCook across a variety of African contexts. It shows the concept has considerable viability in many African countries, that there are significant sizeable markets (millions of potential users), and that within the next five years the anticipated costs of eCook are highly competitive against existing ‘commercialised polluting fuels"
Interesting research paper for all open minded energy investors! (Sciencedirect)
Took the £'s
Split between ocd & card & cash
The days of coal being a relevant power source are coming to an end, and there’s little that can probably stop it. Some of the United States’ largest and most successful coal companies are closing their doors after their market value vastly diminished in 2019. By the end of the year, US coal companies were trading at half their rate compared to the beginning of 2019, indicating a serious stalling in the sector’s effectiveness as the nation’s preferred energy source.
The SNL Coal Index sank 53.5% from December 30, 2018 to the same day a year later, according to S&P Global. The growth of sustainable energy platforms and Earth-friendly programs from some of the world’s largest corporations are contributing to a change in tune from Wall Street.
Well said GW , respecting people's right to their opinion is a societal moral code that everyone should adhere to.
It is everyone's right to disagree with an opinion and still show respect to the person. Alas, this is not always the case.
FK, They are one and the same, most LTI's on here have "gambled " away their money.
Short term investors take account of prevailing conditions contemporaneously and think in the here and now rather than fly blind for years.
Good luck with your "Captain of the Titanic " philosophy.
No.
Every share of a stock traded has both a willing buyer and a willing seller.
C
LL, I can't see a 28k trade on level 2, what time did you make it?
Most peculiar!
"Moonpig" or "Card Factory "
I like to know what I'm purchasing!
Good to see the new management aggressively promoting this new pricing structure. I personally haven't bought a domain for over 5 years via mmx, so to receive an email last night shows their intent. The premium stock is very enticing at this price.....
Where's the leader today? Pmsl
Bignuts,
Hope you took my tip on Card (3 weeks ago), paying off now...atb
A favourable budget tomorrow then 3 figures is entirely possible especially with no pull back today.
Indeed excellent confirmatory news!
The leak proved to be true.