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Nine jailed over $17bn loss in Indonesia energy corruption case

An Indonesian court has jailed nine people in a major corruption case involving subsidiaries of state energy firm Pertamina, including two former chief executives of its units. Prosecutors say the case caused an estimated $17 billion in state losses. The case centres on the alleged illegal leasing of a fuel terminal and unlawful imports of …

Ghana:Nexans launches anti-counterfeit cable amid tougher Energy Commission oversight

Compliance with electrical safety standards is no longer optional in Ghana’s electrical cable market, the Energy Commission has declared, as it intensifies enforcement under new regulations aimed at eliminating substandard products and protecting consumers. Acting Executive Secretary of the Commission, Adwoa Serwaa Bondzie, said strict oversight of the manufacture, importation, distribution, sale, and use of …

Ghana: Salifu Nat Acheampong appointed deputy MD of BOSTenergies

BOST Energies Limited Company (BOSTenergies) has appointed Salifu Nat Acheampong as its new deputy managing director. He replaces Adwoa Serwaa Bondzie , who was recently appointed as the new executive secretary of the Energy Commission. A statement issued by BOSTenergies  said “ We are proud to announce Mr. Salifu Nat Acheampong as the new Deputy …

Ramaphosa: Over 300 days without load shedding signals progress

President Cyril Ramaphosa says South Africa has made significant progress in stabilising electricity supply, pointing to more than 300 days without load shedding since March 2024. Delivering the State of the Nation Address on Thursday, 12 February, Ramaphosa said the measures implemented under government’s Energy Action Plan have reduced both the severity and frequency of …

Energy Commission, EPA engage UNDP on US$40m energy efficiency revolving fund

The Energy Commission of Ghana, in collaboration with the Environmental Protection Authority (EPA), engaged the United Nations Development Programme (UNDP) to discuss Ghana’s participation in the US$40 million Energy Efficiency Revolving Fund (EERF). The discussions focused on stakeholder engagement, financial models, and strategies to maximize impact and deliver measurable energy savings. The Acting Executive Secretary …

GCIEP, DBG engage PwC Ghana on climate finance facility initiative

PwC Ghana has supported the Green Cities, Infrastructure and Energy Programme (GCIEP) at its kick-off meeting with the Development Bank Ghana (DBG) on the proposed Climate Finance Facility, marking an important step toward expanding climate-focused financing in the country. The engagement formed part of GCIEP’s efforts to establish a financing mechanism aimed at mobilising private …

Siemens Energy to spend $1 billion in ‘hot’ US power market

Siemens Energy plans to invest $1 billion to expand U.S. power grid and gas turbine component production as the country builds data centres needed to power AI technology. The world's biggest technology companies are pouring hundreds of billions into U.S. data centres that will need more power than the country's ageing electrical system can provide. …

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