Market News

 In the Nigerian state of Kogi, Siemens has completed the Geregu II gas-turbine power plant in Ajaokuta on schedule. The customer is Niger Delta Power Holding Company (NDPHC), the state-run energy provider in Nigeria. As part of the turnkey construction project, Siemens supplied three E-class g . . .

 The Federal Government is looking up to the operators of marginal fields for gas supply to power a number of completed power projects currently bogged down by gas supply challenges.   Last month, the Presidency met with investors in the National Integrated Power Projects, the Niger Delt . . .

 Kenya Power and Lighting Company (KPLC) has secured a $190 million loan from Standard Chartered Bank to boost production as it seeks to meet the power demands of East Africa’s largest economy.   The loan will be used to upgrade the company’s transmission network to support t . . .

Korea Electric Power Corporation (KEPCO) has announced that South Korea has signed an MOU with Arab Contractors, the number one builders in Egypt’s construction industry, for the exporting of Korean nuclear power plant to Egypt.   The Egyptian government plans to give public notice of a . . .

 Tullow has withdrawn from its full participation in the much-eyed Kudu gas-to-power project which is under development in Namibia. According to Namibia’s Mines and Energy Minister Isak Katali, the government has been informed by Nampa of the UK-based company’s withdrawal from the p . . .