Hydropower: TotalEnergies discovers its rare pearl, accelerates development in Africa

French oil giant Total Energy The acquisition was announced in a press release on Tuesday. Ugandagold Rwanda and in MalawiThe group said have Signed an agreement SkatNorwegian Renewable Energy acquires 100% of its subsidiary SN Power, which holds interests in renewable hydropower projects in Africa this part of a joint venture with Norfund and British International Investment (BII), in which SN Power holds a 51% stake”.

Through this transaction, TotalEnergies “will acquire a 28.3% stake in the hydroelectric power plant” of Bujagali, currently operating in Uganda, has a power generation capacity of 250 megawatts, which can meet more than 25% of the country’s peak electricity demand. He will also receive the ” participate According to the press release, “ethnic minorities” are included in two projects being developed in Rwanda (260 MW) and Malawi (360 MW).

Overall, the oil giant said it currently holds participate Hydropower projects with a total installed capacity of 3.7 GW worldwide: 218 MW “installed” in France (19 MW), Portugal (33 MW) and Turkey (166 MW) 1,5 Mozambique is developing 1 GW (Mphanda Nkuwa project) and India’s Adani Green is developing 2 GW.

The press release quoted, Patrick PouyaneTotalEnergies CEO said son The group is “delighted to be a player in hydroelectric power generation in Uganda, where we are also developing a major oil project”. This large oil projectannounced on In 2022, It is hotly debated by environmental and human rights groups. It plans to drill 419 wells in western Uganda, a third of which will be in Murchison Falls National Park. A Important biodiversity conservation area.

Plans to build a 1,443-kilometer pipeline to transport oil from the Lake Albert oil fields to the port of Tanga exist Tanzania.

(AFP)