http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.21Change: 0.10
R/$ = 11.24Change: 0.03
Au 1216.55 $/ozChange: 7.86
Pt 1281.50 $/ozChange: -20.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Aug 16, 2012

Wasabi Energy increases stake in AAP Carbon

Back
Engineering|Expertise|AAP Carbon|Africa|Business Growth|Cogeneration|Engines|PROJECT|Projects|Wasabi Energy|Waste|Africa|South Africa|Carbon Asset Management|Chemical And Thermal Energy Conversion|Chemical Energy Conversion|Cogeneration|Electricity|Energy|Steel|Thermal Energy|Cogeneration|John Byrne|Power|Waste|Sub-Saharan Africa
Engineering|Expertise|Africa|Business Growth|Cogeneration|Engines|PROJECT|Projects|Waste|Africa||Cogeneration|Energy|Steel||Cogeneration|Power|Waste|
engineering|expertise|aap-carbon|africa-company|business-growth|cogeneration|engines|project|projects|wasabi-energy|waste-company|africa|south-africa|carbon-asset-management|chemical-and-thermal-energy-conversion|chemical-energy-conversion|cogeneration-industry-term|electricity|energy|steel|thermal-energy|cogeneration-person|john-byrne|power|waste|subsaharan-africa
© Reuse this



ASX- and Aim-listed Wasabi Energy has increased its stake in carbon asset management and engineering firm AAP Carbon to 62.5%, from 25% as it moves to shore up its presence in sub-Saharan Africa.

Wasabi Energy executive chairperson John Byrne said this week that the company had been working closely with AAP Carbon since early 2012. “We are impressed with the opportunities available to the group in South Africa and sub-Saharan Africa with a number of projects being well advanced.”

Under the terms of the transaction, AAP Carbon would be granted a Kalina Cycle licence for sub-Saharan Africa, which, together with its existing chemical energy conversion business, would deliver a unique offering to the African market.

Wasabi Energy’s Kalina Cycle converts thermal energy into electricity.

The company said that AAP Carbon intended to raise additional equity to fund its business growth either through a public listing or through the introduction of new equity partners.

“The joining together of AAP Carbon with Wasabi Energy's business development activities provides a powerful combination of expertise, proven track record in the development and implementation of projects and a unique offering with the combination of chemical and thermal energy conversion with the use of the Kalina cycle,” Byrne said.

He noted that Southern Africa was not alone in its requirement for reliable power, and the demand from around the world for the Kalina Cycle continued to grow. “We are therefore confident that through this and other licensees our growth targets will be achieved," he noted.

In March, Wasabi purchased 25% of AAP Carbon, a group that engineers, builds, accredits and invests in clean energy projects that generate carbon credits under the Clean Development Mechanism (CDM) of the Kyoto Protocol.

AAP Carbon's flagship cogeneration plant is the 20 MW International Ferro Metals (IFM) power plant, where carbon monoxide-rich waste gas is harnessed to produce in excess of 160-million kilowatt hours a year of low-emission electricity for the ferrochrome producer’s own use.

Wasabi Energy has been in discussions with AAP Carbon regarding the installation of a Kalina Cycle power plant that would use the waste heat from the reciprocating engines to produce up to 20% of additional electricity.

The IFM project is being registered for certified emission reduction credits (CERs) under the United Nations Framework Convention on Climate Change CDM framework. AAP Carbon will hold 25% of the project's CERs and manage the project on behalf of IFM for a 10-year period. These CERs are expected to provide a revenue stream alongside other management fees earned by AAP Carbon.

AAP Carbon is also studying the feasibility study for a 28 MW chemical energy conversion plant for Hernic and is in advanced discussions with Mogale Alloys and Tata Steel amongst others. Wasabi Energy said each of these potential power plants created an opportunity to add a Kalina Cycle power plant to generate more power by using the exhaust gases.

Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Electricity News
Dr Wolsey Barnard
Updated 46 minutes ago South Africa’s Department of Energy (DoE) denied on Wednesday that its had signed a deal to procure eight VVER nuclear reactors from Rosatom, of Russia, stating that the agreement signed in Vienna on September 22 merely formed part preparations for a procurement...
Updated 5 hours ago Some concern has been expressed about recent delays to South Africa’s hitherto successful Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), under which 26 projects have already been connected to the grid following three bid windows during...
Article contains comments
Toshiba’s Westinghouse Electric Company on Monday launched an expedited review application in the South Gauteng High Court challenging Eskom’s decision to award a R4.3-billion contract to Areva, of France, for the replacement of steam generators at the Koeberg...
Article contains comments
More
 
 
Latest News
Updated 12 minutes ago Cement production at Sephaku Holdings subsidiary Sephaku Cement’s (SepCem’s) Aganang integrated plant, in the North West, was scheduled to start this month, following the successful start of clinker production in August, the company announced on Wednesday. Further,...
September's bestseller, the Polo Vivo, with 4 263 units sold
Updated 35 minutes ago Following a slump in new vehicle sales in recent months, September surprised by delivering an 11.5% increase in sales compared with the same month last year. Data released on Wednesday showed that September new vehicle sales improved to 60 854 units, up from 54 571...
CoAL CEO David Brown
Updated 1 hour 5 minutes ago A national debate is needed to discuss ways of lowering the high cost of railing bulk commodities like coal, says Coal of Africa Limited (CoAL) CEO David Brown. The London-, Sydney- and Johannesburg-listed CoAL plans to produce nearly seven-million tons of saleable...
More
 
 
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
 
 
 
 
 
This Week's Magazine
Updated 4 hours ago The latest TransUnion Vehicle Pricing Index (VPI) contains a number of small, but significant indications that the tide may at last be turning for the beleaguered used car industry. For the third successive quarter, used car inflation has increased on a year-on-year...
The South African new vehicle market is likely to reach around 630 000 units in 2014, down from the 650 000 units recorded in 2013, says Toyota South Africa Motors (TSAM) president and CEO Dr Johan van Zyl. Van Zyl is also president of the National Association of...
Efforts by the Kenya government to increase energy generation by 5 000 MW over the next three years received a major boost following the award of a $2-billion contract to build a coal power plant in Lamu.  Despite allegations of irregular tendering process, the...
Using crafty wordplay on a well-known Internet meme, brilliant South African-born US entrepreneur and businessperson Elon Musk announced that Tesla Motors would not initiate patent lawsuits against anyone who, in good faith, wanted to use its technology. Instead,...
August new vehicle sales declined by 1.4%, to 55 722 units, compared with the same month last year. Assisted by the car rental market, the South African new passenger car market, at 37 953 units, contracted by 1 047 units, or 2.7%, compared with August last year.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks