At the Invest in African Energy Forum in Paris, Franck Pliya, Senegal Country Director and VP of Business Development in West and Central Africa at Technip Energies, will share insights on optimizing Africa’s energy sector
JOHANNESBURG, South Africa, May 15, 2023/APO Group/ —
The African Energy Chamber (AEC) (www.EnergyChamber.org), the voice of Africa’s energy sector, is excited to announce that Franck Pliya, Technip Energies’ Senegal Country Director and Vice President of Business Development in West and Central Africa, will speak at the Invest in African Energy Forum in Paris. The event is set to take place at the Westin Paris Vendome in France on June 1, where Pliya will have the opportunity to showcase Technip Energies’ developments in Africa and attract investments into the continent’s energy sector.
With over two decades of work in general management and business development within the energy sector and related industries, Pliya’s wealth of knowledge is invaluable. Since 2017, Pliya has been leading French-based energy engineering and technology firm Technip Energies Senegal and has held the position of Vice President of Business Development in West and Central Africa since 2016. His educational background includes a degree from the Institute of Economic and Accounting Techniques of Paris, a Master’s Degree in Management from the Paris School of Business, and an Executive MBA from HEC Paris.
Leveraging his extensive 20-year experience in business development, general management, and financial activities in the oil and gas industry, Pliya has played a vital role in positioning Technip Energies as a leader in Africa’s energy sector transformation. He has successfully expanded the company’s footprint and contributed to various African oil, gas, and green hydrogen projects. His expertise in leadership, strategy and profitability has been crucial to Technip Energies’ growth agenda.
His participation will undoubtedly contribute to driving sustainable development and attracting crucial investments in the continent’s energy landscape
The company’s achievements have garnered recognition throughout the continent. Notably, it has been actively involved in significant ventures such as the Coral South FLNG project in Mozambique, led by Eni, which witnessed its first LNG export to Europe in late 2022. Additionally, Technip Energies has contributed to the Greater Tortue Ahmeyim development off the coasts of Senegal and Mauritania, led by bp, with production expected to commence this year. Furthermore, Technip Energies has been involved in Namibia, with the company signing a memorandum of understanding (MoU) with the national oil company NAMCOR for the collaboration on energy projects in the country.
Technip Energies is also focused on advancing local content across the continent. In 2022, Technip Energies inked an MoU with Senegalese national oil company Petrosen, with the objective to advance the development of gas value and energy transition in Senegal, aligning with the country’s development strategy, focusing on LNG, carbon-free energy solutions and decarbonization. In addition, the agreement entails transferring knowledge in process engineering for water, oil and gas treatment, as well as onshore platforms, installations, and offshore gas field development concepts. It incorporates principles to facilitate skills transfer in line with energy transition and Technip Energies’ studies, which are closely aligned with Senegal’s gas value development goals. Over the next three years, Technip Energies will play a pivotal role in the region by leading and financing comprehensive training workshops and programs.
As part of his role at the Invest in Energy Forum in Paris, Pliya will be entrusted with the responsibility of attracting African stakeholders to make use of Technip Energies’ services and leveraging existing relationships with energy industry players and stakeholders in France to secure substantial investments within Africa.
“Pliya’s exceptional leadership and extensive experience in the energy sector make him an invaluable asset to Technip Energies. His instrumental role in positioning the company at the forefront of Africa’s energy transformation showcases his deep understanding of the region’s potential. As a speaker at the Invest in African Energy Forum in Paris, Pliya’s will provide perspectives on optimizing Africa’s hydrocarbon market and diversifying the energy sector. His participation will undoubtedly contribute to driving sustainable development and attracting crucial investments in the continent’s energy landscape,” states NJ Ayuk, Executive Chairman of the AEC.
During the Invest in African Energy Forum in Paris, Pliya will continue to form robust partnerships with key stakeholders in the African energy industry while playing a key role in the signing of new deals and connecting European investors with African stakeholders.
The African Energy Week: Invest in African Energy conference will gather industry leaders to explore oil and gas financing tools and strategies in the age of the energy transition
CAPE TOWN, South Africa, September 9, 2024/APO Group/ —
As the global energy landscape shifts towards cleaner and more sustainable sources, Africa’s oil and gas sector faces challenges in securing financing for upstream projects. Nearly $3 billion was mobilized toward African energy projects in 2023 – with a significant portion directed towards natural gas – according to the African Development Bank (AfDB). As global markets evolve, African financing strategies must adapt to support both economic growth and long-term sustainability.
The Financing Upstream Oil & Gas in the Age of Transition session at African Energy Week (AEW): Invest in African Energy will explore how African oil and gas projects are securing financing in a rapidly changing landscape. The session will unpack evolving regulatory frameworks, innovative financing models and the balance between traditional fossil fuel and renewable energy investments. Moderated by Laura Sima, Director of S&P Global Commodity Insights, the panel will feature Trafigura Group Head of Upstream Finance Matthieu Milandri; Africa Finance Corporation Vice President Taiwo Okwor; and Project & Export Finance Africa Managing Director & Regional Head Fathima Hussain.
AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.
To address shifting investment priorities, a dedicated Africa Energy Bank (AEB) has been launched by the African Petroleum Producers Organization and African Export-Import Bank. To be based in Abuja, the AEB aims to bridge Africa’s infrastructure funding gap and accelerate the development of energy projects across the continent. As a supranational institution, the AEB will provide critical funds for emerging oil and gas projects across Africa, supporting the sector amid the global energy transition, and is currently open for signature by prospective member states.
African natural gas projects have been a leading destination for foreign investment, as gas is considered a cleaner alternative and even labeled as “green energy” in the EU. Projects like Senegal and Mauritania’s Greater Tortue Ahmeyim LNG – led by bp and Kosmos Energy – have secured $4.8 billion in investment from a mix of equity from the IOCs and debt financing supported by multilateral banks. Blended finance – combining both public and private sector capital – has emerged as a critical solution to mobilizing large-scale financing in Africa’s energy sector. The TotalEnergies-led Mozambique LNG project represents a total post-FID investment of $20 billion, of which $14.9 billion comes from senior debt financing including a blend of loans from export credit agencies, multilateral finance agencies like the International Finance Corporation and the AfDB, and commercial banks.
Significant capital is also flowing to high-potential hydrocarbon basins with strong exploration prospects. In Namibia, multinationals TotalEnergies and Shell are continuing to explore the deepwater Orange Basin, with TotalEnergies allocating 30% of its one-billion-dollar exploration budget to the country in 2024 alone. Namibia’s government has been active in courting global financiers, emphasizing the need for sustainable energy development alongside oil and gas exploration and production. In Angola, TotalEnergies, Petronas and state-owned Sonangol secured a $6-billion FID for the Kaminho deepwater project in Block 20 that will develop the Cameia and Golfinho ultra-deepwater fields. The project will employ an all-electric FPSO unit, designed to minimize greenhouse gas emissions and eliminate routine flaring. Independent upstream company Invictus Energy also recently secured $10 million from local institutional investors for its Cabora Bassa project in Zimbabwe to develop the country’s first major oil and gas field.
The upcoming finance session will also position public-private partnerships as a mechanism for financing large-scale energy infrastructure projects, as well as de-risking investments. The Republic of Congo has advanced the development of its Banga Kayo block through an amended PSC with China’s Wing Wah Oil Company, enabling the commercialization of the block’s gas resources. In Nigeria, the $2.6-billion Ajaokuta–Kaduna–Kano gas pipeline is being financed through both public and private funds, with the Nigerian National Petroleum Company as the main financier and international lenders including the Industrial and Commercial Bank of China and Bank of China involved. Nigeria’s Federal Government has provided a sovereign guarantee covering 85% of the project’s costs, securing crucial financing and building investor confidence.
Distributed by APO Group on behalf of African Energy Chamber.
This comprehensive assessment, conducted in collaboration with the Astana International Financial Centre (AIFC), aimed to identify key opportunities and challenges within the country’s Islamic finance sector
ASTANA, Kazakhstan, September 8, 2024/APO Group/ —
The Islamic Development Bank Institute (IsDBI) (https://ISDBInstitute.org/) is pleased to announce the successful completion of its flagship Islamic Finance Strategic Mapping Framework (IF-MAP, formerly IF-CAF) (https://apo-opa.co/4cXPwti) pilot exercise in the Republic of Kazakhstan. This comprehensive assessment, conducted in collaboration with the Astana International Financial Centre (AIFC), aimed to identify key opportunities and challenges within the country’s Islamic finance sector.
The pilot initiative of IF-MAP was launched (https://apo-opa.co/3MyooGO) in June 2023, and involved extensive consultations with key stakeholders, including government agencies, financial institutions, and industry experts. The resulting tailored policy recommendations report, which outlines the sector’s progress and provides recommendations for future development, has been submitted to the AIFC.
AIFC’s commitment to promoting Islamic finance is evident through favorable conditions offered to Islamic financial companies to operate in both the retail and corporate sectors
As one of the key outcomes of the exercise, IsDBI and AIFC jointly developed the Kazakhstan Islamic Finance Country Report 2024 (https://apo-opa.co/3B4GwFv) which H.E. the Governor of AIFC, H.E. Mr. Renat Bekturov, launched on 6 September during the Astana Finance Days. The report highlights the immense potential of Islamic finance in supporting Kazakhstan’s economic growth and development.
In his welcome address, H.E. Mr. Renat Bekturov noted: “This report not only provides a comprehensive overview of the Islamic finance industry but also highlights our shared vision for the future. AIFC’s commitment to promoting Islamic finance is evident through favorable conditions offered to Islamic financial companies to operate in both the retail and corporate sectors. The report is an invaluable guide for investors, policymakers, and stakeholders.”
Commenting on the successful completion of the pilot exercise, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, stated, “We are delighted to have collaborated with the AIFC on this important initiative. The Kazakhstan Islamic Finance Country Report offers a valuable analysis of the sector’s current state and future prospects. We believe that the report, together with the IF-MAP policy recommendations submitted to the AIFC, will be instrumental in guiding policymakers, investors, and financial institutions as they work to harness the full potential of Islamic finance in Kazakhstan.”
The IsDB Institute remains committed to supporting the growth and development of the Islamic finance industry worldwide. Through its research, training, and capacity-building programs, the Institute seeks to contribute to the creation of a more inclusive and sustainable financial system.
The Kazakhstan Islamic Finance Country Report 2024 is accessible on IsDBI website here: https://apo-opa.co/4ge7jQ1
Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).
SINGAPORE – Media OutReach Newswire – 6 September 2024 – ST Telemedia Global Data Centres (STT GDC), one of the world’s fastest-growing data centre colocation services provider headquartered in Singapore, today announced a significant investment of US$3.2 billion (INR 26,000 crores) to expand its data centre capacity in India by a substantial 550MW, nearly tripling the company’s IT load capacity to meet the demands of India’s thriving digital economy, over the next 5-6 years.
This strategic investment reflects STT GDC’s confidence in India and the growth of its digital economy, as well as aligning with the burgeoning demand for digital infrastructure, driven by the surge in data consumption, cloud computing, digital transformation, and growing adoption of AI applications. This investment also further solidifies our market leadership in India, where we already command about 28% of market share by revenue.
STT GDC India is majority-owned by STT GDC in partnership with Tata Communications Ltd, which holds a minority stake in the company. STT GDC India’s portfolio consists of 28 data centres across 10 cities throughout India. Today, its data centre portfolio has a total combined capacity of over 318MW of IT load, with a well-diversified portfolio of about 1,000 enterprise customers that include many Fortune 500 companies. More recently, STT GDC India was recognised as a Great Place to Work for the fifth consecutive year, as well as one of the Best Places to Work in Asia.
“As we celebrate STT GDC’s 10th anniversary this year, embarking on this ambitious expansion is a sign of our confidence in Digital India and the future of one of STT GDC’s strategic and fastest growing markets globally. Prime Minister Modi’s vision for Digital India has paved the way for opportunity; today the India digital economy’s growth rate of almost three times overall GDP growth is putting the country on pace to achieve a US$1 trillion digital economy by 2027-20281. At STT GDC, we want to play an active role in co-investing and contributing to India’s long-term success by investing in the foundational digital infrastructure that will help further accelerate Digital India. We are excited about the opportunities ahead and are confident in our ability to contribute significantly to India’s digital transformation,” said Bruno Lopez, President and Group Chief Executive Officer, ST Telemedia Global Data Centres.
STT GDC, along with several other Singapore business leaders, participated in a Business Roundtable with Prime Minister Narendra Modi hosted by the Singapore Business Federation on 5 September 2024.
About ST Telemedia Global Data Centres ST Telemedia Global Data Centres (STT GDC) is one of the fastest-growing data centre providers with a global platform serving as a cornerstone of the digital ecosystem that helps the world to connect. Powering a sustainable digital future, STT GDC operates across Singapore, the UK, Germany, India, Thailand, South Korea, Indonesia, Japan, the Philippines, Malaysia and Vietnam, providing businesses an exceptional foundation that is built for their growth anywhere. For more information, visit https://www.sttelemediagdc.com/.
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