Drive investment – Marianne Bluger http://mariannebluger.com/ Tue, 09 Nov 2021 14:03:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://mariannebluger.com/wp-content/uploads/2021/10/favicon-2-120x120.png Drive investment – Marianne Bluger http://mariannebluger.com/ 32 32 NIPC Launches Digital One-Stop Shop to Boost Appetite for Investment in Nigerian Economy https://mariannebluger.com/nipc-launches-digital-one-stop-shop-to-boost-appetite-for-investment-in-nigerian-economy/ https://mariannebluger.com/nipc-launches-digital-one-stop-shop-to-boost-appetite-for-investment-in-nigerian-economy/#respond Mon, 08 Nov 2021 19:07:16 +0000 https://mariannebluger.com/nipc-launches-digital-one-stop-shop-to-boost-appetite-for-investment-in-nigerian-economy/ The Nigerian Investment Promotion Commission (NIPC) has launched a one-stop digital investment center to generate investor interest in the Nigerian economy. The NIPC said the initiative was aimed at making it easier for investors to access information about investing in the economy. The initiative, called Electronic One-Stop Investment Center (e-OSIC), is the digital version of […]]]>

The Nigerian Investment Promotion Commission (NIPC) has launched a one-stop digital investment center to generate investor interest in the Nigerian economy.

The NIPC said the initiative was aimed at making it easier for investors to access information about investing in the economy.

The initiative, called Electronic One-Stop Investment Center (e-OSIC), is the digital version of OSIC, which brings together relevant government agencies to provide efficient, transparent and timely services to investors.

The e-OSIC is presented through the organization’s One-Stop-Shop Investor Platform (SWIP) and is expected to improve efficiency and provide prompt service.

The center is coordinated by the NIPC and the aim is to simplify business entry processes by removing administrative and regulatory bottlenecks associated with doing business in Nigeria.

Speaking on the new development, NIPC Acting Executive Secretary Emeka Offor revealed that the window, which has four components, is the NIPC e-commerce facilitation platform designed in accordance with the e-government initiative of the federal government.

He noted that the SWIP project, which started in 2020, was aimed at enabling the NIPC to leverage technology to better fulfill its mandate.

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According to him, with the advent of e-OSIC, investors could now access all services offered at OSIC remotely, apply for their business registration, submit relevant documents and make the appropriate payments.

“Through the platform, the NIPC will be able to monitor and review the services of participating agencies at the center,” Offor added.

SWIP’s technical team leader on the commission, Toyin Oladipo, also said the portal aims to digitize the NIPC mandate to ensure effective mandate execution.

Investors looking to go digital should visit the SWIP portal on the NIPC web platform.

The One Stop Investment Center houses 27 government agencies and provides investment facilitation services, reducing the time required to process regulatory approvals and permits.

It also helps with information and requirements from incorporation to expansion.

Offor said the agency is also looking to increase a total of $ 8.99 billion in tracking investments in the third quarter with the initiative.

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Offor, who confirmed that the $ 8.99 billion had not yet matured into a full investment, described it as an “investment announcement,” saying they consisted of 33 projects spread across eight States of the Federation.

“Investment interest was 130% higher than the $ 3.94 billion recorded during the corresponding period in 2020.

“Although not real investments, the development tends to show a gradual increase in investor confidence in the Nigerian economy,” Offor said.

Associate Consultant to the UK Department for International Development (DFID) Celestine Okeke said ICIR that the new initiative was excellent but that it wanted the coherence of these policy initiatives to stimulate investment in the economy.

“This is a good initiative, but I will advise policymakers to adopt a coherent policy in development to ensure that Nigerians reap the full benefits of the investment. This is one of the Ease of Doing Business initiatives. I also want the government to look at other gray areas that hinder business in the country. “

Norrenberger Plc Managing Director Tony Edeh said ICIR that the Nigerian government must continue to engage in post-pandemic opportunities to enable it to increase its investment base.

“We need to grow from our strength and diversify the economy with our oil resources and develop the local economy to attract investment. Policy initiatives such as that of the government should be encouraged to develop investor appetite in the Nigerian economy, ”said Edeh.

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Main Street Martinsburg Helps Boost City Investment | WDVM25 and DCW50 https://mariannebluger.com/main-street-martinsburg-helps-boost-city-investment-wdvm25-and-dcw50/ https://mariannebluger.com/main-street-martinsburg-helps-boost-city-investment-wdvm25-and-dcw50/#respond Wed, 03 Nov 2021 23:58:19 +0000 https://mariannebluger.com/main-street-martinsburg-helps-boost-city-investment-wdvm25-and-dcw50/ MARTINSBURG, West Virginia (WDVM) – In the eastern enclave of West Virginia, the Berkely County seat in Martinsburg takes stock of its potential and attracts entrepreneurs and business investors. It is at the center of West Virginia’s fastest growing region, and investors are seeing its potential by opening their check books for properties that will […]]]>

MARTINSBURG, West Virginia (WDVM) – In the eastern enclave of West Virginia, the Berkely County seat in Martinsburg takes stock of its potential and attracts entrepreneurs and business investors.

It is at the center of West Virginia’s fastest growing region, and investors are seeing its potential by opening their check books for properties that will contribute to the growth.

“The common thing I hear over and over again is that we are here from other areas, ‘Wow you know I drive in this area all the time and I never realized how some of these buildings are beautiful, ”said Robby Blair with Martinsburg Main Street.

Employers can be in all of these buildings. Even small investments like a local mom-and-pop store can pay off bigger.

“We’re starting to see businesses now, people coming to invest in downtown properties to open different types of businesses, little shops, bridal shops, cafes, new restaurants,” the mayor said. Kevin Knowles. “There’s a lot going on here in Martinsburg.

To attract even more capital, Blair and Mayor Knowles use the personal touch.

“You know we work closely with nonprofits, local businesses and also investors who come to the town of Martinsburg,” Knowles said. “Personally, myself, as mayor, I want to work with each of them, I want to meet them, I want to shake their hands.

Growing the residential base in the downtown core is a key strategy with more housing.

“We want more people to live downtown,” Blair said. “We want it to be a place where you can live, shop, have fun – you know, do all the things you would otherwise do elsewhere. And we are getting there.

Community events are becoming a big draw. The recent fall food truck festival was such a success that restaurants and retail stores were jam-packed. And Mayor Knowles says that as we hopefully get past the pandemic, more people will come out and he wants Martinsburg to be their “go-to” destination for eating, shopping and shopping. ‘have fun.


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ZHL remodeling to boost investment https://mariannebluger.com/zhl-remodeling-to-boost-investment/ https://mariannebluger.com/zhl-remodeling-to-boost-investment/#respond Thu, 21 Oct 2021 22:03:08 +0000 https://mariannebluger.com/zhl-remodeling-to-boost-investment/ The herald Nelson Gahadza, Senior Business Journalist ZIMRE Holdings is confident that the reconfiguration of its operations would spearhead investments with a significant impact on the economy. ZHL focused more on insurance – focused on building wealth through investment banking activities in strategic national developments. The new model has resulted in the restructuring and reshaping […]]]>

The herald

Nelson Gahadza, Senior Business Journalist

ZIMRE Holdings is confident that the reconfiguration of its operations would spearhead investments with a significant impact on the economy.

ZHL focused more on insurance – focused on building wealth through investment banking activities in strategic national developments.

The new model has resulted in the restructuring and reshaping of the group’s business portfolios in accordance with its new culture, which “emphasizes value creation supported by cash generation, customer focus and change management. “.

Mr. Benjamin Kumalo, chairman of the group, in a financial statement for the half-year to June 30, 2021, said that while ZHL’s DNA lies in insurance and real estate, 2021 saw the group reposition itself to include the creation and management of wealth both for its shareholders and the communities in which it operates.

“The group is undergoing a major restructuring which includes the integration and reorganization of Fidelity Life Assurance to ensure the company is focused on its core business, business acquisition and innovation. “, did he declare.

ZHL acquired a majority stake in Fidelity, a company it unbundled in 2003, through a

share purchase agreement with the National Social Security Authority (NSSA) for its 35.09% stake in Fidelity.

The diversified insurer then held a 20.57% stake in the life insurer and the acquisition enabled ZHL to become the majority shareholder of the company with a 55.66% stake.

Fidelity operates three insurance companies, Fidelity Life Assurance, Vanguard Life Assurance and Fidelity Funeral Services and has several other subsidiaries involved in the provision of microcredit, medical assistance, asset management and actuarial services. The company is also involved in real estate development.

Mr. Kumalo said the group is also reorganizing its regional reinsurance operations, which will have a positive impact on their competitive capital.

The group has reinsurance operations consolidated under Emeritus International in the region in countries such as Botswana, Mozambique, Zambia and Malawi.

ZHL, according to Mr. Kumalo, is also reconfiguring business units to anchor and propel wealth management activities that will have a significant impact on investments in the economy.

Its subsidiary, Zimre Capital, has since been mandated by the government to conduct a feasibility study and raise capital for the Beitbridge, Bulawayo, Victoria Falls highway project.

At the same time, for the interim period under review, group premiums increased 102% to $ 2.4 billion, from $ 1.2 billion for the same period a year earlier, largely due to increase in insurance income.

According to the company’s financial data, total insurance revenue increased 111% to $ 1.7 billion from the previous year, while total revenue decreased 32% to $ 2.1 billion. dollars due to a 123% decrease in fair value adjustments on investment property.

Mr Kumalo said spending fell from $ 933 million to $ 2.3 billion, largely due to inflationary pressures on operating and administrative expenses and one-time restructuring costs as a result. the successful delisting of Zimre Property Investments (ZPI).

As a result, the loss before income tax for the period was $ 524.9 million compared to a profit of $ 2.59 billion in 2020.

“The pre-tax loss is attributed to the impact of the actuarially determined gross change in insurance and investment contract liabilities and the impact of the net loss on the monetary position,” he said.

He noted, however, that the group made a profit over the period of $ 465 million in historical terms.

Mr Kumalo said the group’s assets fell 0.7% to $ 14.94 billion during the period under review while total equity fell to $ 6.6 billion from $ 6 billion. $ 94 billion as at December 31, 2020 due to loss incurred in the six-month period to June 30, 2021. Cash and cash equivalents for the period increased 21% to $ 1.7 billion during the period under review, in line with the group’s strategy to generate liquidity for operational and investment purposes.


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Africa Oil Week will highlight unparalleled opportunities, boost investment and close deals across Africa https://mariannebluger.com/africa-oil-week-will-highlight-unparalleled-opportunities-boost-investment-and-close-deals-across-africa/ https://mariannebluger.com/africa-oil-week-will-highlight-unparalleled-opportunities-boost-investment-and-close-deals-across-africa/#respond Tue, 19 Oct 2021 17:30:16 +0000 https://mariannebluger.com/africa-oil-week-will-highlight-unparalleled-opportunities-boost-investment-and-close-deals-across-africa/ DUBAI, (UrduPoint / Pakistan Point News / WAM – October 19, 2021) Africa Oil Week, Africa’s premier oil and gas trade show, has announced an exceptional list of speakers for the 27th edition, which will be held November 8-11, 2021 , at Madinat Jumeirah in Dubai. Participants can look forward to engaging and forward-thinking discussions […]]]>

DUBAI, (UrduPoint / Pakistan Point News / WAM – October 19, 2021) Africa Oil Week, Africa’s premier oil and gas trade show, has announced an exceptional list of speakers for the 27th edition, which will be held November 8-11, 2021 , at Madinat Jumeirah in Dubai.

Participants can look forward to engaging and forward-thinking discussions designed to support upstream Africa as it emerges from two years of transition and disruption caused by an accelerated energy transition and the global pandemic. Gathered under the theme “Succeeding in a Changing Market”, speakers will address topics on how the industry has responded to the changing market landscape. They will identify opportunities for new players and high-value assets on the horizon and analyze the macro-effects of the global energy transition on upstream Africa.

The list of 150 main speakers includes Thomas Camara, Minister of Petroleum, Energy and Renewable Energies, Côte d’Ivoire; Nicolas Terraz, President Exploration and Production, TotalEnergies; Chaher Boulakhras, CEO of Sonelgaz; Rahul Dhir, CEO, Tullow Oil; Simon Flowers, President and Chief Analyst, Wood Mackenzie and Irene Waage Basili, CEO, Shearwater GeoServices.

The event also received massive support from leading organizations around the world including Eni, Chevron, Shell, Equinor, Perenco, ReconAfrica, Seplat Energy, Africa Oil Corp, PGS and Fugro.

In line with the theme, the event will stimulate upstream transactions, stimulate investment in African energy projects and facilitate new partnerships and networking opportunities for the upstream African. Along with a week full of networking functions, roundtables and face-to-face meetings, 2021 sees the inclusion of the “African Self-Employed Forum”, a platform designed to showcase farm-out, joint-venture and business opportunities. the continent’s most exciting assets. Content briefings dedicated to energy financing will allow delegates to capitalize on the business and project opportunities presented by the energy transition.

Foday Mansaray, Director General of the Sierra Leone Petroleum Directorate, said: “We are looking forward to participating in the event and showcasing the opportunities that Sierra Leone has, and meeting key players in the oil industry. major global organizations, governments and trading partners from Africa and the United Arab Emirates again at this important event.

Africa Oil Week will highlight the critical role innovation and technology play in Africa’s future energy landscape, explicitly examining how they can be used to protect and strengthen Africa’s upstream portfolios from disruption. futures. An expert panel including representatives from Maersk Drilling, Baker Hughes and Schlumberger will unpack this at a high-level conference session.

Africa Oil Week will also maximize its one-year placement in the United Arab Emirates to create an investment channel between the two regions by bringing the Middle East financial community to the event to showcase the myriad potential energy opportunities that Africa has to offer. Another interesting session will be dedicated to sharing best practices across the Middle East and African upstreams, with Alexandre Araman, Senior Analyst – Middle East Upstream Research, Wood Mackenzie and Eng. Abdul-Amir Ajmi, Director of External Affairs and Value Creation, Oman Petroleum Directorate (PDO) is due to make a presentation.

Paul Sinclair, Vice President of Energy and Director of Government Relations, Africa Oil Week & Future Energy Series Africa, said: Africa upstream. The agenda, as always, is focused on business intelligence and negotiation opportunities. The past two years have seen an accelerated transition to clean energy solutions. At this year’s edition, our curated program has an impressive lineup of industry experts who will explore the opportunities created by the energy transition for Upstream Africa. ”

The event will also serve as an ideal platform for experts to work on an economic plan to harmonize energy development in Africa to help achieve a clean energy future for the continent and to ensure the affordability of energy projects. clean and funds available to facilitate the transition.


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Emirates News Agency – Africa Oil Week to highlight unparalleled opportunities, boost investment and close deals across Africa https://mariannebluger.com/emirates-news-agency-africa-oil-week-to-highlight-unparalleled-opportunities-boost-investment-and-close-deals-across-africa/ https://mariannebluger.com/emirates-news-agency-africa-oil-week-to-highlight-unparalleled-opportunities-boost-investment-and-close-deals-across-africa/#respond Tue, 19 Oct 2021 17:22:00 +0000 https://mariannebluger.com/emirates-news-agency-africa-oil-week-to-highlight-unparalleled-opportunities-boost-investment-and-close-deals-across-africa/ DUBAI, October 19, 2021 (WAM) – Africa Oil Week, Africa’s leading oil and gas trade fair, has announced an exceptional list of speakers for the 27th edition, which will be held from November 8 to 11, 2021, in Madinat Jumeirah in Dubai. Participants can look forward to engaging and forward-thinking discussions designed to support upstream […]]]>

DUBAI, October 19, 2021 (WAM) – Africa Oil Week, Africa’s leading oil and gas trade fair, has announced an exceptional list of speakers for the 27th edition, which will be held from November 8 to 11, 2021, in Madinat Jumeirah in Dubai.

Participants can look forward to engaging and forward-thinking discussions designed to support upstream Africa as it emerges from two years of transition and disruption caused by an accelerated energy transition and the global pandemic. Gathered under the theme “Succeeding in a Changing Market”, speakers will address topics on how the industry has responded to the changing market landscape. They will identify opportunities for new players and high-value assets on the horizon and analyze the macro-effects of the global energy transition on upstream Africa.

The list of 150 keynote speakers includes Thomas Camara, Minister of Petroleum, Energy and Renewable Energies, Côte d’Ivoire; Nicolas Terraz, President of Exploration and Production, TotalEnergies; Chaher Boulakhras, CEO of Sonelgaz; Rahul Dhir, CEO, Tullow Oil; Simon Flowers, President and Chief Analyst, Wood Mackenzie and Irene Waage Basili, CEO, Shearwater GeoServices.

The event also received massive support from leading organizations around the world including Eni, Chevron, Shell, Equinor, Perenco, ReconAfrica, Seplat Energy, Africa Oil Corp, PGS and Fugro.

In line with the theme, the event will stimulate upstream transactions, stimulate investment in African energy projects and facilitate new partnerships and networking opportunities for the upstream African. Along with a week full of networking functions, roundtables and face-to-face meetings, 2021 sees the inclusion of the “African Self-Employed Forum”, a platform designed to showcase farm-out, joint-venture and business opportunities. the continent’s most exciting assets. Content briefings dedicated to energy financing will allow delegates to capitalize on the business and project opportunities presented by the energy transition.

Foday Mansaray, Director General, Petroleum Directorate, Sierra Leone, said: “We are looking forward to participating in the event and showcasing the opportunities that Sierra Leone has, and meeting the main industry players from the main global organizations, governments and trading partners from Africa and the United Arab Emirates once again at this important event. “

Africa Oil Week will highlight the critical role that innovation and technology play in Africa’s future energy landscape, explicitly examining how they can be used to protect and strengthen Africa’s upstream portfolios from disruption. futures. An expert panel including representatives from Maersk Drilling, Baker Hughes and Schlumberger will unpack this at a high-level conference session.

Africa Oil Week will also maximize its one-year placement in the United Arab Emirates to create an investment channel between the two regions by bringing the Middle East financial community to the event to showcase the myriad potential energy opportunities that Africa has to offer. Another interesting session will be dedicated to sharing best practices across the Middle East and African upstreams, with Alexandre Araman, Senior Analyst – Middle East Upstream Research, Wood Mackenzie and Eng. Abdul-Amir Ajmi, Director of External Affairs and Value Creation, Oman Petroleum Directorate (PDO) is due to make a presentation.

Paul Sinclair, Vice President of Energy and Director of Government Relations, Africa Oil Week & Future Energy Series Africa, said: Africa upstream. The agenda, as always, is focused on business intelligence and negotiation opportunities. The past two years have seen an accelerated transition to clean energy solutions. At this year’s edition, our curated program has an impressive lineup of industry experts who will explore the opportunities created by the energy transition for Upstream Africa. “

The event will also serve as an ideal platform for experts to work economically to harmonize energy development in Africa to help achieve a clean energy future for the continent and ensure the affordability of clean energy projects. and funds available to facilitate the transition.


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Edo, APOI and other stakeholders validate guidelines to boost investment – Nigerian Observer https://mariannebluger.com/edo-apoi-and-other-stakeholders-validate-guidelines-to-boost-investment-nigerian-observer/ https://mariannebluger.com/edo-apoi-and-other-stakeholders-validate-guidelines-to-boost-investment-nigerian-observer/#respond Mon, 18 Oct 2021 17:44:19 +0000 https://mariannebluger.com/edo-apoi-and-other-stakeholders-validate-guidelines-to-boost-investment-nigerian-observer/ BENIN CITY – To maintain a favorable business environment and capital inflows, the Edo State government has engaged the Africa Palm Oil Initiative (APOI), Proforest and other stakeholders to develop and validate prior informed consent (FPIC) guidelines to improve confidence. Speaking to reporters at the end of a day-long meeting with stakeholders to validate the […]]]>

BENIN CITY – To maintain a favorable business environment and capital inflows, the Edo State government has engaged the Africa Palm Oil Initiative (APOI), Proforest and other stakeholders to develop and validate prior informed consent (FPIC) guidelines to improve confidence.

Speaking to reporters at the end of a day-long meeting with stakeholders to validate the CLIP document in Benin-City, the Acting Team Leader of the Palm Oil Implementation Office of Edo State, Mr. Churchill Oboh, said the document has become relevant to boosting the confidence of potential investors.

He said the document was being turned into a bill to be enacted in Edo State so that it could serve as a guideline for investors to engage communities and government actors in the process. harmonization of protocols to ensure the success of legitimate investments in the state.

“The law would build the confidence of investors and communities to make sure they know what it takes to secure investments in the state,” he noted.

Oboh noted that FPIC is a collective human right of indigenous peoples and local communities to give or withhold their consent before the commencement of any activity that may affect their rights, lands, resources, territories, livelihoods and their food security.

“When the document is promulgated, investors will now have the confidence to know exactly what to do to bet on their investment. The FPIC law will also make them aware of the role of government and what it will do to support their investment in terms of profitability, as no investor will be able to cut corners on investment in Edo State.

“The laws will allow communities to have the opportunity and the platform to negotiate, to apply to investors and to have a transparent process throughout the investment.”

For his part, the Director General of the Edo State Investment Promotion Office (ESIPO), Kelvin Uwaibi, said the workshop is necessary to create harmonization between communities, government and investors. to ensure economic development in Edo State.

“We really want to have a situation where communities, local and state governments will work in harmony, as stipulated in the FPIC documents.”


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Alcatel-Lucent Enterprise and Nuvola Distribution boost UK investment https://mariannebluger.com/alcatel-lucent-enterprise-and-nuvola-distribution-boost-uk-investment/ https://mariannebluger.com/alcatel-lucent-enterprise-and-nuvola-distribution-boost-uk-investment/#respond Wed, 13 Oct 2021 08:54:55 +0000 https://mariannebluger.com/alcatel-lucent-enterprise-and-nuvola-distribution-boost-uk-investment/ Alcatel-Lucent Enterprise, a leading provider of communication, networking and cloud solutions tailored to its customers’ industries, has enhanced its offering in the UK thanks to increased investment from its partners Nuvola distribution. Nuvola, a technology and services distributor, is the only Alcatel-Lucent Enterprise distributor in the UK to provide its comprehensive portfolio of communications and […]]]>

Alcatel-Lucent Enterprise, a leading provider of communication, networking and cloud solutions tailored to its customers’ industries, has enhanced its offering in the UK thanks to increased investment from its partners Nuvola distribution.

Nuvola, a technology and services distributor, is the only Alcatel-Lucent Enterprise distributor in the UK to provide its comprehensive portfolio of communications and networking solutions. Throughout 2021, Nuvola continued to increase its investments in Alcatel-Lucent Enterprise products, offering two new solutions in the past six months: Rainbow Office and Network-as-a-Service (NaaS).

Nuvola’s focus on growth has also led it to expand its Alcatel-Lucent Enterprise offering in Ireland, thereby consolidating its commitment to partnership. The new base opens up new opportunities in the Irish market, which has seen a growing interest in Unified Communication as a Service (UCaaS) solutions, and creates a streamlined path for UK partners to easily access the supply chain European.

Read also: Two declining and emerging trends in IT literacy to watch out for

Michael Lloyd, The Managing Director of Nuvola Distribution said: “It is an exciting time for the Nuvola Distribution and Alcatel-Lucent Enterprise partnership as we seek to realize our vision of providing complete and comprehensive technology solutions to our reseller partners. With the expansion into Ireland now creating a seamless supply chain for our Irish trading partners with Europe, the launch of Rainbow Office and NaaS, our offering in the UK and Irish market has never been stronger.

As the leading Alcatel-Lucent Enterprise distributor in the UK, Nuvola sets itself apart from other distributors in the industry with a focus on on-site consulting and services, employing over 15 engineers who provide dedicated support to its business. British customers. Nuvola secured the world’s first Rainbow Office client, following the launch of Ring Central powered UCaaS earlier this year.

Heather Zhang, UK and Ireland Sales Manager at Alcatel-Lucent Enterprise, said: “We are delighted to see our partnership with Nuvola Distribution grow stronger in the UK. Their unique approach to providing solutions means that our customers benefit from Alcatel-Lucent Enterprise products delivered with very careful engineering and technical support. “

Discover the new EnterpriseTalk podcast. For more updates like this, follow us on Google News Enterprisetalk News.


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NSW announces hydrogen strategy to boost investment and job creation https://mariannebluger.com/nsw-announces-hydrogen-strategy-to-boost-investment-and-job-creation/ https://mariannebluger.com/nsw-announces-hydrogen-strategy-to-boost-investment-and-job-creation/#respond Wed, 13 Oct 2021 07:00:00 +0000 https://mariannebluger.com/nsw-announces-hydrogen-strategy-to-boost-investment-and-job-creation/ Australia’s largest state, New South Wales, presented its strategy to support the development of a commercial hydrogen industry. The state has already pledged $ 70 million to develop hydrogen hubs in the state. In addition, on Wednesday, the government announced the following incentives: Exemptions for the production of green hydrogen from government royalties; A 90% […]]]>

Australia’s largest state, New South Wales, presented its strategy to support the development of a commercial hydrogen industry.

The state has already pledged $ 70 million to develop hydrogen hubs in the state. In addition, on Wednesday, the government announced the following incentives:

  • Exemptions for the production of green hydrogen from government royalties;
  • A 90% exemption from electricity network charges for green hydrogen producers who connect to parts of the network with unused capacity;
  • Incentives for the production of green hydrogen; and
  • A network of hydrogen refueling stations will be deployed statewide.

NSW Premier Dominic Perottet, who recently rose to the top post after Gladys Berejiklian resigned following the announcement that the Independent Commission against Corruption was investigating her, said the Hydrogen Strategy would help attract investment and create more jobs even as the state slowly emerges from a lockdown.


As of Monday, 70% of NSW’s population over the age of 16 had been fully vaccinated against COVID-19, and some of the restrictions, in place since June, have been relaxed.

“Australia has the opportunity to be an energy superpower, New South Wales will lead the country with this hydrogen strategy,” Perrottet said in a statement.

“Our major trading partners see hydrogen as part of their energy future, this state has the skills, infrastructure and renewable energy resources to be globally competitive in this new industry.”

Treasurer and Energy Minister Matt Kean, a central figure in the state’s climate initiatives under Berejiklian, said the strategy, which would provide up to $ 3 billion in incentives, is expected to boost the country’s economy. New South Wales of over $ 600 million by 2030.

“Hydrogen will not only help the state to halve our emissions by 2030 and achieve net zero by 2050, but it will create new opportunities for our heavy industry and an economic windfall of investment and development. ‘jobs,’ he said.

“This strategy is expected to cut the cost of producing green hydrogen in New South Wales by more than half and will make New South Wales the best place to invest in hydrogen in the world.”

The statement said companies wishing to participate in hydrogen hubs could submit an expression of interest by the end of the month.

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New South Wales hydrogen strategy to boost investment, create jobs and fuel prosperity https://mariannebluger.com/new-south-wales-hydrogen-strategy-to-boost-investment-create-jobs-and-fuel-prosperity/ https://mariannebluger.com/new-south-wales-hydrogen-strategy-to-boost-investment-create-jobs-and-fuel-prosperity/#respond Wed, 13 Oct 2021 03:00:00 +0000 https://mariannebluger.com/new-south-wales-hydrogen-strategy-to-boost-investment-create-jobs-and-fuel-prosperity/ Prime Minister Dominic Perrottet said that NSW was working on recovery after the lockdown, hydrogen was an opportunity to generate new investment and help secure jobs statewide. “Australia has the opportunity to be an energy superpower, New South Wales will lead the country with this hydrogen strategy,” said Perrottet. “Our major trading partners see hydrogen […]]]>

Prime Minister Dominic Perrottet said that NSW was working on recovery after the lockdown, hydrogen was an opportunity to generate new investment and help secure jobs statewide.

“Australia has the opportunity to be an energy superpower, New South Wales will lead the country with this hydrogen strategy,” said Perrottet.

“Our major trading partners see hydrogen as part of their energy future, this state has the skills, infrastructure and renewable energy resources to be globally competitive in this new industry.”

NSW Regional Deputy Premier and Minister Paul Toole said hydrogen was a huge opportunity for Regional NSW.

“We know that regional economies are diversifying and the NSW Government’s hydrogen strategy is bringing that to life,” Toole said.

“Places like Parkes, Illawarra and Upper Hunter are uniquely positioned to take advantage of these opportunities, with existing supply lines, access to transport links and a skilled workforce ready to go. of the regional NSW a leader in hydrogen technology. “

Treasurer and Energy Minister Matt Kean said the strategy, which will provide up to $ 3 billion in incentives, will make the state a world leader in hydrogen and is expected to increase the size of the New South Wales economy of over $ 600 million by 2030.

“Hydrogen will not only help the state to halve our emissions by 2030 and achieve net zero by 2050, but it will create new opportunities for our heavy industry and an economic windfall of investment and development. ‘jobs,’ Mr. Kean said.

“This strategy is expected to cut the cost of producing green hydrogen in New South Wales by more than half and will make New South Wales the best place to invest in hydrogen in the world.”

Fortescue Future Industries President and Founder Dr Andrew Forrest AO said: “I am delighted with NSW’s historic hydrogen strategy and ambition to establish itself as an energy and economic superpower.

“NSW holds a leadership position in the state in providing clear pathways on how renewable hydrogen can deliver to Australian businesses, Australian jobs, communities and our children’s futures.

“At FFI, we are doing everything we can as a company to lead the global effort to reduce emissions. We plan to deliver 15 million tonnes of renewable green hydrogen to the world by 2030, which will increase to 50 million tonnes per year thereafter.

“We are committed to working with the government of New South Wales to support their ambitions and jointly develop green hydrogen hubs. “

In addition to providing $ 70 million already committed to develop the state’s hydrogen hubs in Illawarra and Hunter, the strategy includes:

  1. Exemptions for the production of green hydrogen from government royalties;
  2. A 90% exemption from electricity network charges for green hydrogen producers who connect to parts of the network with unused capacity;
  3. Incentives for the production of green hydrogen; and
  4. A network of hydrogen refueling stations will be deployed across the state.

The company will have to submit an expression of interest to participate in the hydrogen poles by the end of October.

See the NSW Hydrogen Strategy


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New NSW 2030 target will boost investment and opportunity: Carbon Market Institute https://mariannebluger.com/new-nsw-2030-target-will-boost-investment-and-opportunity-carbon-market-institute/ https://mariannebluger.com/new-nsw-2030-target-will-boost-investment-and-opportunity-carbon-market-institute/#respond Tue, 28 Sep 2021 23:48:00 +0000 https://mariannebluger.com/new-nsw-2030-target-will-boost-investment-and-opportunity-carbon-market-institute/ The NSW government is right to recognize both the urgency and the desirability of stronger and more credible 2030 emissions reduction targets. With the right policies, this can generate jobs and increase investment, especially for regional communities. New South Wales – and Australia – are full of clean energy and tech opportunities, but we need […]]]>

The NSW government is right to recognize both the urgency and the desirability of stronger and more credible 2030 emissions reduction targets. With the right policies, this can generate jobs and increase investment, especially for regional communities.

New South Wales – and Australia – are full of clean energy and tech opportunities, but we need to give clear investment signals and policies, as well as manage the transition to ensure communities can participate in these opportunities.

The CMI urges the Australian government to follow suit by stepping up its 2030 targets to a 50% reduction as well as a commitment to net zero emissions by 2050.

It may come as a surprise to many, but the political architecture to spur ambition and opportunity awaits government leadership such as that shown by NSW today. The evolution of the safeguard mechanism, which already requires our largest emitters to measure and manage their emissions, as well as some of the support for the evolving technological investment that the government is putting in place, may unlock significant opportunities in all of Australia.

Lines attributable to CMI CEO John Connor

The Carbon Market Institute is the independent industry association for companies leading the transition to net zero emissions. Its more than 100 members include primary producers, carbon project developers, indigenous companies, legal and advisory services, insurers, banks and high emission industries developing decarbonization and offsetting strategies. .

/ Public distribution. This material is from the original organization / authors and may be ad hoc in nature, edited for clarity, style and length. The views and opinions expressed are those of the authors.


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