AVZ Discussion 2022
- Thread starter GazDix
- Start date
Frank
Top 20
*Meanwhile, In other News, I see where
* To Remind the
back in the DRC 
Mpiana Mwanga Hydro Electric Power Plant (HEPP)
AVZ has through its 100% owned DRC based legal entity, AVZ Power SAU (AVZP), successfully negotiated and signed an MOU with the DRC government.
This MOU now grants AVZP the right to begin full studies into the redundant and abandoned Hydro Electric Power Plant
(HEPP) located 87 km south east of Manono at a town called Mpiana Mwanga, which is situated on the Luvua river a large tributary of the upper Congo river further to the north.
The intent of the MOU is to progress the studies to a point where ownership of the HEPP will transfer to AVZP for operation by AVZP or whomever AVZP engages to do so.
AVZ has commissioned a DFS report on the HEPP and has determined that the power plant can be refurbished and that it could operate viably.
The DFS determined that the HEPP could be refurbished for USD 50.5 M16, including high voltage (HV) substations, HV powerline and a
contingency and produce power at an operating cost of USD 0.04/kWh.
The timeline to complete the reconstruction is 18 months start to finish.
* To Remind the
back in the DRC Mpiana Mwanga Hydro Electric Power Plant (HEPP)
AVZ has through its 100% owned DRC based legal entity, AVZ Power SAU (AVZP), successfully negotiated and signed an MOU with the DRC government.
This MOU now grants AVZP the right to begin full studies into the redundant and abandoned Hydro Electric Power Plant
(HEPP) located 87 km south east of Manono at a town called Mpiana Mwanga, which is situated on the Luvua river a large tributary of the upper Congo river further to the north.
The intent of the MOU is to progress the studies to a point where ownership of the HEPP will transfer to AVZP for operation by AVZP or whomever AVZP engages to do so.
AVZ has commissioned a DFS report on the HEPP and has determined that the power plant can be refurbished and that it could operate viably.
The DFS determined that the HEPP could be refurbished for USD 50.5 M16, including high voltage (HV) substations, HV powerline and a
contingency and produce power at an operating cost of USD 0.04/kWh.
The timeline to complete the reconstruction is 18 months start to finish.
Last edited:
Frank
Top 20
The Inga dam in the DRC, the emergency solution for the electrification and development of Africa according to Ramaphosa, Sassou and Lula
The realization of the Inga III project in DR Congo at the moment is still at the ping-pong stage of the Congolese government, which under the regime of Joseph Kabila had signed an exclusive development agreement for the Inga III project with a Sino- Spanish, including the Chinese company Three Gorges Corporation;
But in 2020, the regime of Félix Tshisekedi withdrew the exclusivity of the Inga III project from the Chinese of the Three Gorges Corporation, to begin negotiations with the Fortescue group of the Australian billionaire, Andrew Forrest, an 80,000 megawatt project.
But now, this same year, on his return from his visit to China, Felix Tshisekedi wants to give back the exclusivity of the Inga III project to the Chinese of Three Gorges.
At the summit for a new global financial pact organized in Paris by French President Emmanuel Macron, four African presidents are advocating for the urgent implementation of the Inga III project and funding from international institutions, such as the IMF and the World Bank.
They are the South African President, Cyrill Ramaphosa, the Congolese Denis Sassou Nguesso and the Brazilian Luiz Inácio Lula Da Silva.
The Egyptian President, Abdel Fattah al-Sissi would even be ready to send back the Cairo railway project to Cape Town to cede it urgently to the Inga III project.
South Africa, in energy difficulties at the moment, is betting a lot on the Inga dam and the possibility of diverting water from the DR Congo to its land in order to exploit it for the production of electrical energy.
THE SOUTH AFRICAN PRESIDENT, CYRILL RAMAPHOSA
“Now I want to talk about something very practical, President Sassou-Nguesso Nguesso raised the issue yesterday.
He said he would be happy if following this summit, we do something very practical, in terms of infrastructure.
That said, 600 million people in Africa do not have electricity, yet we have all the resources to generate electricity, especially the mighty Congo River.
And that there have been plans to build a number of power stations which will produce, according to my calculations, up to 70,000 megawatts.
And he said and I want to speak in favor of this proposal.
To prove that these summits are not just talkative summits that stem from the Paris conference and other summits.
Let us now put the money on the table and say collectively that we are going to tackle this mega-project, a mega-project that will ultimately produce electricity for 12, 15 African countries in one go.
And this is a project that I think the multilateral development banks are working together.
The appeal that you have launched, Mr President Macron, can indeed be financed.
And when we get out of it, we had to be able to say that the Inga dam is now going to be developed into a power station in Inga, the one that President Sassou-Nguesso Nguesso mentioned, and the next one as well.
If we can do that, then we will be convinced as Africans that these summits are really meaningful.
“President Sisi of Egypt and I have been talking about a railway from Cape Town to Cairo for years, we are leaving that for the next summit.
But the one on the production of electricity and the construction of power plants on the Inga dam is more important, which is immediate and which in my opinion must be tackled now.
This is what needs to be done and then we will be convinced that you are serious about the promises you make.
BRAZILIAN PRESIDENT LULA DA SILA:
“We listened to the President of Congo Brazzaville talk about the Congo River, this river can accommodate three Itaipu which is a Brazilian hydroelectric plant, but he cannot do it because there is no funding.
The DRC, which owns the entirety of the mighty Congo River, represented by its Prime Minister, Sama Lukonde Kyenge in the absence of the Head of State Félix Tshisekedi, has not deployed much energy to make its voice heard and define as the decision-making and essential country of the Inga III project.
Kiki Kienge
kongopress.com
The realization of the Inga III project in DR Congo at the moment is still at the ping-pong stage of the Congolese government, which under the regime of Joseph Kabila had signed an exclusive development agreement for the Inga III project with a Sino- Spanish, including the Chinese company Three Gorges Corporation;
But in 2020, the regime of Félix Tshisekedi withdrew the exclusivity of the Inga III project from the Chinese of the Three Gorges Corporation, to begin negotiations with the Fortescue group of the Australian billionaire, Andrew Forrest, an 80,000 megawatt project.
But now, this same year, on his return from his visit to China, Felix Tshisekedi wants to give back the exclusivity of the Inga III project to the Chinese of Three Gorges.
At the summit for a new global financial pact organized in Paris by French President Emmanuel Macron, four African presidents are advocating for the urgent implementation of the Inga III project and funding from international institutions, such as the IMF and the World Bank.
They are the South African President, Cyrill Ramaphosa, the Congolese Denis Sassou Nguesso and the Brazilian Luiz Inácio Lula Da Silva.
The Egyptian President, Abdel Fattah al-Sissi would even be ready to send back the Cairo railway project to Cape Town to cede it urgently to the Inga III project.
South Africa, in energy difficulties at the moment, is betting a lot on the Inga dam and the possibility of diverting water from the DR Congo to its land in order to exploit it for the production of electrical energy.
THE SOUTH AFRICAN PRESIDENT, CYRILL RAMAPHOSA
“Now I want to talk about something very practical, President Sassou-Nguesso Nguesso raised the issue yesterday.
He said he would be happy if following this summit, we do something very practical, in terms of infrastructure.
That said, 600 million people in Africa do not have electricity, yet we have all the resources to generate electricity, especially the mighty Congo River.
And that there have been plans to build a number of power stations which will produce, according to my calculations, up to 70,000 megawatts.
And he said and I want to speak in favor of this proposal.
To prove that these summits are not just talkative summits that stem from the Paris conference and other summits.
Let us now put the money on the table and say collectively that we are going to tackle this mega-project, a mega-project that will ultimately produce electricity for 12, 15 African countries in one go.
And this is a project that I think the multilateral development banks are working together.
The appeal that you have launched, Mr President Macron, can indeed be financed.
And when we get out of it, we had to be able to say that the Inga dam is now going to be developed into a power station in Inga, the one that President Sassou-Nguesso Nguesso mentioned, and the next one as well.
If we can do that, then we will be convinced as Africans that these summits are really meaningful.
“President Sisi of Egypt and I have been talking about a railway from Cape Town to Cairo for years, we are leaving that for the next summit.
But the one on the production of electricity and the construction of power plants on the Inga dam is more important, which is immediate and which in my opinion must be tackled now.
This is what needs to be done and then we will be convinced that you are serious about the promises you make.
BRAZILIAN PRESIDENT LULA DA SILA:
“We listened to the President of Congo Brazzaville talk about the Congo River, this river can accommodate three Itaipu which is a Brazilian hydroelectric plant, but he cannot do it because there is no funding.
The DRC, which owns the entirety of the mighty Congo River, represented by its Prime Minister, Sama Lukonde Kyenge in the absence of the Head of State Félix Tshisekedi, has not deployed much energy to make its voice heard and define as the decision-making and essential country of the Inga III project.
Kiki Kienge
kongopress.com
Last edited:
DiscoDanNZ
Regular
Was that a 5bn lawsuit? DFS 3.0 should make it 10
I will but not the rough end
prick had me for a split second
the cheese is inside the pineapple
Frank
Top 20
At the China-Africa Expo: Paluku unfolds the economic opportunities of the DRC
The Congolese Minister of Industry, Julien Paluku Kahongya spoke on Friday June 30, 2023 at the conference organized on the sidelines of the exhibition. He unfolded the economic opportunities that abound in the Democratic Republic of Congo.
The Kinshasa government delegate invited Chinese companies to strengthen their presence in the country of Lumumba, which needs, he demonstrated, their expertise in the industrial sector with the training of a qualified local workforce, but also capital and infrastructure.
Advocating the strengthening of cooperation between China and the DRC, the former governor of North Kivu pleaded for the construction of a strong economic empire with China by involving the development of special economic zones.
Before the Chinese authorities and business leaders interested in the development of Africa, he maintained that thanks to this cooperation, the DRC will be able to locally transform its natural resources in order to create wealth and jobs.
*Yeah, For them it will - That's why it's called a "Win-Win" Wealth & Jobs - When will you wake up to that ffs !!!
Julien Paluku called on China to join the major pan-African project to install a first manufacturing plant for batteries and electric vehicles in the province of Haut-Katanga, because, according to him, the DRC has strategic minerals to ensure the global energy transition.
On this day when we celebrate the 63ᵉ anniversary of the political independence of our country, we wanted to advocate our economic independence.
And on the second day of these meetings, we talked about the economic opportunities of the DRC by presenting the country as a giant in the middle of Africa, with 100 million inhabitants and consumers.
All these opportunities are described in the Industrialization Master Plan (PDI) namely the roads, railways, ports and also the special economic zones which constitute the main components of the industrialization of our country, declared the Minister of Industry following his speech.
In addition to the educational presentation by Minister Paluku, several speeches by Chinese officials and economic operators as well as African ministers were enriching.
This second day was devoted to several panels including the one on the promotion and deepening of economic and trade cooperation between Hunan and Africa.
A strong delegation from the DRC participates in this work as guest of honor at the Exhibition.
A vast stand of more than 300 square meters was made available to the country of Tshisekedi for the exhibition of its products and services.
Many Congolese economic operators have made the trip to Changsha to present their products and hope to capture markets.
mediacongo
Don't Shoot the Messenger
Who invites the
over to the DRC for 
Paluku that's who
Just Food for thought
Frank
The Congolese Minister of Industry, Julien Paluku Kahongya spoke on Friday June 30, 2023 at the conference organized on the sidelines of the exhibition. He unfolded the economic opportunities that abound in the Democratic Republic of Congo.
The Kinshasa government delegate invited Chinese companies to strengthen their presence in the country of Lumumba, which needs, he demonstrated, their expertise in the industrial sector with the training of a qualified local workforce, but also capital and infrastructure.
Advocating the strengthening of cooperation between China and the DRC, the former governor of North Kivu pleaded for the construction of a strong economic empire with China by involving the development of special economic zones.
Before the Chinese authorities and business leaders interested in the development of Africa, he maintained that thanks to this cooperation, the DRC will be able to locally transform its natural resources in order to create wealth and jobs.
*Yeah, For them it will - That's why it's called a "Win-Win" Wealth & Jobs - When will you
wake up to that ffs !!!Julien Paluku called on China to join the major pan-African project to install a first manufacturing plant for batteries and electric vehicles in the province of Haut-Katanga, because, according to him, the DRC has strategic minerals to ensure the global energy transition.
On this day when we celebrate the 63ᵉ anniversary of the political independence of our country, we wanted to advocate our economic independence.
And on the second day of these meetings, we talked about the economic opportunities of the DRC by presenting the country as a giant in the middle of Africa, with 100 million inhabitants and consumers.
All these opportunities are described in the Industrialization Master Plan (PDI) namely the roads, railways, ports and also the special economic zones which constitute the main components of the industrialization of our country, declared the Minister of Industry following his speech.
In addition to the educational presentation by Minister Paluku, several speeches by Chinese officials and economic operators as well as African ministers were enriching.
This second day was devoted to several panels including the one on the promotion and deepening of economic and trade cooperation between Hunan and Africa.
A strong delegation from the DRC participates in this work as guest of honor at the Exhibition.
A vast stand of more than 300 square meters was made available to the country of Tshisekedi for the exhibition of its products and services.
Many Congolese economic operators have made the trip to Changsha to present their products and hope to capture markets.
mediacongo
Don't Shoot the Messenger
Who invites the
over to the DRC for Paluku that's who
Just Food for thought
Frank
All we can hope for is we get our money back via a takeover.At the China-Africa Expo: Paluku unfolds the economic opportunities of the DRC
The Congolese Minister of Industry, Julien Paluku Kahongya spoke on Friday June 30, 2023 at the conference organized on the sidelines of the exhibition. He unfolded the economic opportunities that abound in the Democratic Republic of Congo.
The Kinshasa government delegate invited Chinese companies to strengthen their presence in the country of Lumumba, which needs, he demonstrated, their expertise in the industrial sector with the training of a qualified local workforce, but also capital and infrastructure.
Advocating the strengthening of cooperation between China and the DRC, the former governor of North Kivu pleaded for the construction of a strong economic empire with China by involving the development of special economic zones.
Before the Chinese authorities and business leaders interested in the development of Africa, he maintained that thanks to this cooperation, the DRC will be able to locally transform its natural resources in order to create wealth and jobs.
*Yeah, For them it will - That's why it's called a "Win-Win" Wealth & Jobs - When will you
Julien Paluku called on China to join the major pan-African project to install a first manufacturing plant for batteries and electric vehicles in the province of Haut-Katanga, because, according to him, the DRC has strategic minerals to ensure the global energy transition.
On this day when we celebrate the 63ᵉ anniversary of the political independence of our country, we wanted to advocate our economic independence.
And on the second day of these meetings, we talked about the economic opportunities of the DRC by presenting the country as a giant in the middle of Africa, with 100 million inhabitants and consumers.
All these opportunities are described in the Industrialization Master Plan (PDI) namely the roads, railways, ports and also the special economic zones which constitute the main components of the industrialization of our country, declared the Minister of Industry following his speech.
In addition to the educational presentation by Minister Paluku, several speeches by Chinese officials and economic operators as well as African ministers were enriching.
This second day was devoted to several panels including the one on the promotion and deepening of economic and trade cooperation between Hunan and Africa.
A strong delegation from the DRC participates in this work as guest of honor at the Exhibition.
A vast stand of more than 300 square meters was made available to the country of Tshisekedi for the exhibition of its products and services.
Many Congolese economic operators have made the trip to Changsha to present their products and hope to capture markets.
mediacongo
Don't Shoot the Messenger
Who invites the
Paluku that's who
Just Food for thought
Frank
Geez Geo thats very unlike your upbeat posts of the past.
Attachments
Well things do change don't they. The weak leaders in Africa or should I say corrupt leaders like their brown paper bags and the Europeans have shown no interest in investing there. What this means is they don't give a damn about their starving population. Of course I could be wrong but the signs are not looking good at present.
JAG
Top 20
Just a little confusing with your comment on crapper around midday today stating you understand BOD are making good progress.
I can’t imagine things in the DRC would change that dramatically within 6 hours on a weekend.
I think you are the most pathetic of all the posters on this forum .
Mute22
Regular
The Europeans are dealing with the issues the Africans are causing in their native countries at present. I doubt they want to get involved with Africa more so.
It's all about information perhaps the
BoD were unaware of the change taking place in the battery council.
MoneyBags1348
Top 20
Time to once again shine a spotlight on the corrupt antics of Zijin (and other Chinese companies) for the rest of the world to see
14. DECEMBER 2022.
LAW ON MINING AND GEOLOGICAL RESEARCH / NEWS / ZIJIN COPPER
In less than a year, the company Zijin was convicted four times for violating the Law on Mining and Geological Research, for which it was ordered to pay a fine below the legal minimum each time.
Based on the Renewables and Environmental Regulatory Institute (RERI) report, the company was convicted again in mid-November for the same commercial offence – performing mining works without appropriate technical documentation and approval of the competent authority. The Commercial Court in Zaječar did not call for imposing a harsher penalty this time either but instead fined the company 1.300.000,00 Serbian dinars (≈ € 11.080), lower than the amount stipulated by the law – from 1,500,000 to 3 million Serbian dinars (≈ € 12.790 to € 25.580).
The Court’s favour towards the company can be perceived from the explanation of the verdict, which even mentions mitigating circumstances in favour of Zijin, which the Court took into consideration. Thus, when determining the amount of the fine, the Court was guided by the fact that the procedure for obtaining approval for the performance of mining works, which is issued by the Ministry of Mining and Energy, takes too long, as well as that the works are of strategic importance for the Republic of Serbia.
“The verdict of the Commercial Court in Zaječar can be considered ironic, to say the least, because it begins by listing four previous commercial offences that the company committed and for which it received the minimal penalty, and then it is concluded that the new imposed penalty will achieve the purpose of punishment and influence the defendants not to commit new commercial offences in the future”, says lawyer and Chairman of the RERI Board Jovan Rajić.
“We consider the other mitigating circumstances that the Court took into account, the honest behaviour of the defendants before the Court
and the recognition of the commercial offence, superfluous to comment on.
It is clear that the logic that guides Zijin is that it is better to break the law and pay a fine than to do business in accordance with the national laws, which is allowed by the state and the judiciary. In this manner, the company is encouraged to break the law, and then plead guilty in Court, which will then characterise this as “honest behaviour before the Court” and a mitigating circumstance.
The company is aware that it will be condemned to pay minimal fines, which, as the most profitable company in 2021 will not represent any financial burden to them”, adds Rajić.
It shall be recalled that just a month ago, the same Court, also acting upon RERI’s report, condemned the Zijin Company for operating without consent to the environmental impact assessment study and for carrying out activities without an integrated permit, the most important permit in the field of environmental protection. For each of these commercial offences, a fine of 150,000 to 3 million Serbian dinars is prescribed (≈ € 1,278 to € 25.580), nevertheless, the company was fined only 200,000 and 250,000 Serbian dinars. (≈ € 1,703 and € 2,129).
Although it was the first case of punishing a company for doing business without an environmental impact assessment, the continuous mild punishment of Zijin by the Commercial Court in Zaječar cannot be considered good judicial practice with the aim of sanctioning illegal activities, but as public support and encouragement of a multiple-recidivist in violation of the Law to continue with such practice.
reri.org.rs
In less than a year, the company Zijin was convicted four times for the same commercial offence, each time fined below the legal minimum
14. DECEMBER 2022.
LAW ON MINING AND GEOLOGICAL RESEARCH / NEWS / ZIJIN COPPER
In less than a year, the company Zijin was convicted four times for violating the Law on Mining and Geological Research, for which it was ordered to pay a fine below the legal minimum each time.
Based on the Renewables and Environmental Regulatory Institute (RERI) report, the company was convicted again in mid-November for the same commercial offence – performing mining works without appropriate technical documentation and approval of the competent authority. The Commercial Court in Zaječar did not call for imposing a harsher penalty this time either but instead fined the company 1.300.000,00 Serbian dinars (≈ € 11.080), lower than the amount stipulated by the law – from 1,500,000 to 3 million Serbian dinars (≈ € 12.790 to € 25.580).
The Court’s favour towards the company can be perceived from the explanation of the verdict, which even mentions mitigating circumstances in favour of Zijin, which the Court took into consideration. Thus, when determining the amount of the fine, the Court was guided by the fact that the procedure for obtaining approval for the performance of mining works, which is issued by the Ministry of Mining and Energy, takes too long, as well as that the works are of strategic importance for the Republic of Serbia.
“The verdict of the Commercial Court in Zaječar can be considered ironic, to say the least, because it begins by listing four previous commercial offences that the company committed and for which it received the minimal penalty, and then it is concluded that the new imposed penalty will achieve the purpose of punishment and influence the defendants not to commit new commercial offences in the future”, says lawyer and Chairman of the RERI Board Jovan Rajić.
“We consider the other mitigating circumstances that the Court took into account, the honest behaviour of the defendants before the Court
and the recognition of the commercial offence, superfluous to comment on.It is clear that the logic that guides Zijin is that it is better to break the law and pay a fine than to do business in accordance with the national laws, which is allowed by the state and the judiciary. In this manner, the company is encouraged to break the law, and then plead guilty in Court, which will then characterise this as “honest behaviour before the Court” and a mitigating circumstance.
The company is aware that it will be condemned to pay minimal fines, which, as the most profitable company in 2021 will not represent any financial burden to them”, adds Rajić.
It shall be recalled that just a month ago, the same Court, also acting upon RERI’s report, condemned the Zijin Company for operating without consent to the environmental impact assessment study and for carrying out activities without an integrated permit, the most important permit in the field of environmental protection. For each of these commercial offences, a fine of 150,000 to 3 million Serbian dinars is prescribed (≈ € 1,278 to € 25.580), nevertheless, the company was fined only 200,000 and 250,000 Serbian dinars. (≈ € 1,703 and € 2,129).
Although it was the first case of punishing a company for doing business without an environmental impact assessment, the continuous mild punishment of Zijin by the Commercial Court in Zaječar cannot be considered good judicial practice with the aim of sanctioning illegal activities, but as public support and encouragement of a multiple-recidivist in violation of the Law to continue with such practice.
In less than a year, the company Zijin was convicted four times for the same commercial offence, each time fined below the legal minimum - RERI
In less than a year, the company Zijin was convicted four times for violating the Law on Mining and Geological Research, for which it was ordered to pay a
reri.org.rs
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