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Kamoa Copper and CrossBoundary Energy sign agreement for a groundbreaking baseload renewable energy system in the Democratic Republic of the Congo (DRC)

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Kamoa Copper

The ramp-up of the new on-site direct-to-blister copper smelter is expected to commence in the second quarter of 2025

KOLWEZI, Democratic Republic of the Congo, April 4, 2025/APO Group/ —

  • Kamoa Copper S.A. and CrossBoundary Energy (www.CrossboundaryEnergy.com) have signed a power purchase agreement to provide a 30 MW baseload renewable energy supply to the Kamoa-Kakula Copper mining complex in the DRC
  • The renewable energy system will include a 222 MWp solar PV system and a 123 MVA/526 MWh battery energy storage system, offsetting significant fuel generator usage
  • This agreement marks a significant step towards sustainable mining practices, demonstrating that baseload renewable energy from solar PV and batteries is a viable and cost-effective alternative to diesel generators for mines

Kamoa Copper S.A. and CrossBoundary Energy have signed a power purchase agreement (PPA) to provide baseload renewable energy to the Kamoa-Kakula Copper mining complex, one of the largest copper mines in the world, situated near Kolwezi in the Democratic Republic of the Congo.

Kamoa Copper S.A. is a joint venture between Ivanhoe Mines, Zijin Mining Group, and the Government of the Democratic Republic of Congo, which owns a 20% stake in the company. The mining complex is the largest of its kind in Africa, with copper production capacity of approximately 600,000 tonnes per annum. The ramp-up of the new on-site direct-to-blister copper smelter is expected to commence in the second quarter of 2025.

This solar project is the first of its kind in Africa and will include a 222 MWp solar PV system and a 123 MVA/526 MWh battery energy storage system (BESS). The plant will provide a 30MW dispatchable renewable baseload energy supply to the mine, offsetting fuel generators and reducing carbon emissions by around 78,750 tonnes per year. CrossBoundary Energy will own and operate the plant, and Kamoa Copper will pay for the energy it consumes. The plant is expected to produce ~300,000 MWh of clean energy per year.

Whilst many mines have incorporated solar PV and BESS systems into their operations, the supply of baseload energy—a guaranteed power output at all times—is rare for solar PV and BESS, as the sector has typically been cautious of intermittency. However, due to the increasing efficiency of solar PV and the declining cost of BESS components, a renewable baseload system is now viable and cheaper than the diesel generators currently providing power to the mine.

Africa’s most significant hindrance to growth and investment is access to reliable and affordable power

Annebel Oosthuizen, Managing Director of Kamoa Copper, said, “This is a pivotal moment for Kamoa Copper and the Democratic Republic of the Congo. As a company, Kamoa Copper has been setting innovative benchmarks in various domains, and with this partnership on baseload renewable energy, we will continue to do so.

We are pleased to have CrossBoundary Energy as our first partner in this endeavor. Their commitment to honesty, integrity, and delivery is exemplary. We anticipate hard work and successful outcomes from this project. From Kamoa Copper’s side, we are committed to providing unwavering support to ensure our suppliers’ success, as we demand excellence in all our collaborations.”

Auguy Bakome, Project Manager at Kamoa Copper, said, “The solar project is a key milestone in delivering clean, reliable energy to Kamoa Copper. With advanced solar and battery systems, we’re boosting energy resilience, cutting emissions, and advancing sustainable mining. We commend CrossBoundary Energy for their professionalism and technical expertise.”

Matthew Tilleard, Managing Partner at CrossBoundary Energy, said, “Africa’s most significant hindrance to growth and investment is access to reliable and affordable power. Projects like these prove that distributed clean energy can now provide cheaper baseload power, even for heavy industry. We congratulate the Kamoa Copper S.A. team for this project, which will advance the whole sector.”

Franck Alloghe, Business Development Director for CrossBoundary Energy, said, “This agreement represents a change in energy supply for mining operations, indicating that diesel or HFO generators are no longer the only viable option for guaranteed baseload power generation. We look forward to executing this project with the Kamoa Copper team. Baseload from the sun is here.”

Construction of the renewable energy facility is due to start in August 2025.

The Kamoa Copper mining complex is one of the largest and fastest-growing copper complexes globally, with significant energy needs. The company’s commitment to incorporating renewable energy components underscores its ambition to lead the sustainable mining industry and energy transition.

https://apo-opa.co/4iY09jU

Distributed by APO Group on behalf of CrossBoundary Energy

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

Distributed by APO Group on behalf of Energy Capital & Power.

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

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