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Ronald D. Gadberry inforum.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inforum.com Daily Mail and Mail on Sunday newspapers.
Residents of the jungle region of Guyana, rich in oil and gold mines, respond to the threats being made by President Nicolás Maduro: ‘I don’t want to be Venezuelan, no way’
Fuel prices quadruple in last decade largely due to cedi depreciation and taxes – IES ghanavisions.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ghanavisions.com Daily Mail and Mail on Sunday newspapers.
By Eric Nana Yaw Kwafo LISTEN FEB 8, 2021 The Institute for Energy Security (IES) has noted that there would have been an increase in the price of domestic gasoline if not for the global Coronavirus (Covid-19) pandemic. According to the organization that focuses on the nexus between energy demand and energy supply, Ghana in the past decade witnessed a 347 percent increase in the price of Gasoline (Petrol) and a 338 percent increase in Gasoil (Diesel) price at the pump. While they attribute the yearly increase in the prices of petrol and diesel to cedi depreciation and taxes, the same was expected to happen last year.
Over the past decade (2010-2019), Ghana has seen a 347 percent increase in price of Gasoline (Petrol) and a 338 percent increase in Gasoil (Diesel) price at the pump, largely because of Cedi depreciation, taxes and levies.
Electricity from wind and solar more economical than nuclear — IES Listen to article The Institute for Energy Security (IES) has revealed that generating electricity from wind and solar is cost-effective than nuclear. The institute’s analysis of data from the U.S. Energy Information Administration (EIA) and financial advisory and asset management firm Lazard, indicates that there are potential savings by generating electricity from renewables compared to nuclear power. According to the Institute, the said potential saving is as close to 288 percent for wind and utility-scale solar photovoltaic (PV). The analysis based on Lazard’s Levelized Cost of Energy (LCOE) indicates that “between 2010 and 2019 reveal that new unsubsidized wind and solar power were cheaper than some already running resources like coal, nuclear, and some gas. The cost decline is rendering solar PV and wind increasingly attractive resource relative to conventional generation technologies with similar generation profiles. The modelling shows that solar power on its own can beat Gas Peaker plants on their own, without storage, in most any market”.
Listen to article The Institute for Energy Security (IES) has described as ‘wasteful and ill-advised’ government’s decision to change its energy baseload. According to the Institute, government trying to introduce nuclear into the country’s energy mix is of concern considering that countries like Italy, Spain, and Germany among others are moving away from it due to its complication. “The institute sees the push for nuclear power as backward, given that times have changed to favour solar and wind energies, instead of nuclear power, based on economics, safety and security risks, and investment hurdles,” IES emphasized. In a statement, it noted that government’s argument that the nuclear plant provides regular and cheap to push the nation’s industrialization efforts is ‘flawed’ and does not reflect support current changes in the global power space.