Sudan Expands Power Production, Prepares for Peaceful Nuclear Energy

A general view shows a section of the plant at the Dar Petroleum Operating Company oil production operated in Palogue oil field within Upper Nile State in South Sudan, September 7, 2016. REUTERS/Jok Solomun REUTERS/Jok Solomun
A general view shows a section of the plant at the Dar Petroleum Operating Company oil production operated in Palogue oil field within Upper Nile State in South Sudan, September 7, 2016. REUTERS/Jok Solomun REUTERS/Jok Solomun
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Sudan Expands Power Production, Prepares for Peaceful Nuclear Energy

A general view shows a section of the plant at the Dar Petroleum Operating Company oil production operated in Palogue oil field within Upper Nile State in South Sudan, September 7, 2016. REUTERS/Jok Solomun REUTERS/Jok Solomun
A general view shows a section of the plant at the Dar Petroleum Operating Company oil production operated in Palogue oil field within Upper Nile State in South Sudan, September 7, 2016. REUTERS/Jok Solomun REUTERS/Jok Solomun

Sudan announced on Wednesday its plans to set up two brand new power plants in the national free zone and Port Sudan just off the Red Sea coast.

Undertook by Germany’s Siemens, both plants are said to produce 850 megawatts and are scheduled to be in service before summer 2018.

Sudan has also announced that the first and second divisions of the three-thousand-megawatts power plant, the Upper Atbara and Setit Dam Complex, are effectively feeding the national grid.

The third unit is currently under construction and the project will be completed by the end of 2017.

Observers predict that the country's power production will double this year with the ongoing expansions.

Sudan is also expected to sign an agreement with the International Atomic Energy Agency (IAEA) in Moscow next month, allowing Khartoum to take full advantage of the peaceful uses of nuclear energy, such as electricity production.

Sudan has completed preliminary surveys to locate the nuclear power plant outside Khartoum.

The increase in power demand in Sudan is 14 percent per year against an annual output of 3,000 MW. The country imports from Ethiopia 250 megawatts to meet the growing demand for electricity in the country.

Sudan is currently implementing a plan for 2031 which is aimed at meeting the African country’s growing demand for power, including the construction of dams, combustion plants with petroleum fuels and renewable energies. It lately peruses employing peaceful nuclear plants to upgrade its energy output.

More so, Sudan has taken many steps towards enabling its peaceful nuclear activity program, especially with regard to nuclear safety and security.

A law has been passed to regulate radiation. Under this law, an independent national control body has been established.

Five years ago, Sudan began to make use of nuclear energy for peaceful aims and agreed earlier this year with Russia's Rosatom, a Russian government nuclear power company, to cooperate in this field.



Lebanon's Bonds Rally as Parliament Elects 1st President since 2022

Lebanese Parliament Speaker Nabih Berri shakes hands with Lebanon’s army chief Joseph Aoun after he is elected as the country’s president at the parliament building in Beirut, Lebanon, Jan. 9, 2025. Reuters/Mohamed Azakir
Lebanese Parliament Speaker Nabih Berri shakes hands with Lebanon’s army chief Joseph Aoun after he is elected as the country’s president at the parliament building in Beirut, Lebanon, Jan. 9, 2025. Reuters/Mohamed Azakir
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Lebanon's Bonds Rally as Parliament Elects 1st President since 2022

Lebanese Parliament Speaker Nabih Berri shakes hands with Lebanon’s army chief Joseph Aoun after he is elected as the country’s president at the parliament building in Beirut, Lebanon, Jan. 9, 2025. Reuters/Mohamed Azakir
Lebanese Parliament Speaker Nabih Berri shakes hands with Lebanon’s army chief Joseph Aoun after he is elected as the country’s president at the parliament building in Beirut, Lebanon, Jan. 9, 2025. Reuters/Mohamed Azakir

Lebanese government bonds extended their three-month-long rally on Thursday as the crisis-ravaged country's parliament voted in a new head of state for the first time since 2022.

Lebanese lawmakers elected army chief Joseph Aoun as president. It came after the failure of 12 previous attempts to pick a president and boosts hopes that Lebanon might finally be able to start addressing its dire economic woes.

The country's battered bonds have almost trebled in value since September, when the regional conflict with Israel weakened Lebanese armed group Hezbollah, long viewed as an obstacle to overcoming its political paralysis.

According to Reuters, most of Lebanon's international bonds, which have been in default since 2020, rallied after Aoun's victory was announced to stand 1.3 to 1.7 cents higher on the day and at just over 16 cents on the dollar.

They have risen almost every day since late December, although they remain some of the lowest-priced government bonds in the world, reflecting the scale of Lebanon's difficulties.

With its economy and financial system still reeling from a collapse in 2019, Lebanon is in dire need of international support to rebuild from the conflict, which the World Bank estimates to have cost the country $8.5 billion.

Hasnain Malik, an analyst at financial research firm Tellimer said Aoun's victory was "the first necessary step on a very long road to recovery".

Malik said Aoun now needs to appoint a prime minister and assemble a cabinet that can retain the support of parliament, resuscitate long-delayed reforms and help Lebanon secure international financial support.

The 61-year old Aoun fell short of the required support in Thursday's first round of parliamentary voting and only succeeded in a second round, reportedly after a meeting with Hezbollah and Amal party MPs.

"That presents significant ongoing risk to any new PM and cabinet, which need to maintain the confidence of a majority of parliament," Malik said.