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Global Information NO.10 2020 / 12

performers, have regulators with the authority to • GBP 1.3 billion for electric vehicle charging
exert the necessary oversight on the sector. However, points
the overall electricity regulatory frameworks of • GBP 500 million to foster electric vehicle battery
African countries is poorly developed, and most production
countries experience major regulatory weaknesses. • GBP 1 billion to extend the Green Homes Grant
Main findings of the ERI 2020 report and Public Sector Decarbonization schemes for a
• 69% of countries surveyed have regulatory further year.(Source: iisd.org)
mechanisms in place to facilitate electricity access.
• In 21 of the 36 countries surveyed, the utility US consortium revives plan for Welsh
is not involved in funding rural electrification. The nuclear power plant
government, NGOs and consumers do this. A US consortium is in talks with the British
• In 90% of the countries surveyed, the Executive government about reviving a recently-abandoned
holds the power to appoint board members and project to build a nuclear power plant at Wylfa
heads of regulatory institutions who report to in north Wales. Led by the US engineering group
them. This removes the core of decision-making Bechtel, the consortium includes Southern Company,
independence from regulators, who are subjected an electricity utility, and Westinghouse, a nuclear
to subtle and direct political pressure to skew key engineering company whose AP1000 reactors would
regulatory decisions towards the political inclination be installed at the site on Anglesey. A deal would see
of the government in power. a rapid resumption of activity at Wylfa, which has
• Most countries have legislation to deal with lain dormant since its owner, Japan’s Hitachi, froze
conflict of interest among commissioners and heads its proposal to build a nuclear power plant there
of regulatory institutions while in office. However, in 2019 and then pulled the plug on the project in
few have adequate mechanisms to regulate conflict September.
of interest and other ethical issues, affecting the A revival of plans for a Wylfa nuclear plant would 5
integrity of regulatory decisions. also underline Britain’s commitment to pursuing
• Political authorities have significant influence large atomic reactors as a way to achieve its net zero
on the finances of regulatory authorities. In many emissions target by 2050. (Source: ft.com)
instances, laws establishing regulatory institutions
do not clearly indicate sources of funds for the Siemens Energy to develop Afghanistan
institution.(Source:AfDB) as energy hub in central Asia
Siemens Energy has signed an agreement with
UK government outlines 10-Point Plan for Afghanistan to develop the country as an energy hub
a green industrial revolution in central Asia while exploiting domestic renewable
On November 17, 2020, the United Kingdom energy resources.
government unveiled its 10-point green recovery The agreement builds on a memorandum of
plan. The GBP 12 billion stimulus package will benefit understanding that was signed by Siemens in January
the green economy across the country, for instance 2019 with the government of Afghanistan, to support
going toward carbon capture, hydrogen, nuclear, the Asian country’s sustainable development.
electric vehicles, and renewable energy. Prime Under the multi-phase Afghanistan Energy Hub
Minister Boris Johnson estimates that the green agreement, Siemens Energy will develop a reliable,
recovery plan will create 250,000 new jobs and sustainable and affordable power system with
expects the plan to mobilize significant private sector efficient use of natural resources.
investments in support of the United Kingdom’s As part of the first phase, Siemens will establish
2050 net-zero goal. the commercial and technical feasibility while the
The Ten Point Plan for a Green Industrial second stage involves the completion of the national
Revolution includes: grid with international connections as well as grid
• GBP 500 million in funding for green hydrogen expansion and stabilization.The second phase will
projects also see the formation of local generation hubs
• GBP 200 million for carbon capture and storage utilising renewable energy.Under the third phase,
projects the company will focus on developing the renewable

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