Market News
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Mainstream to acquire Ghana\'s first utility-scale wind farm
Posted on :Friday , 31st October 2014
Mainstream Renewable Power has entered into a US$ 525m deal with Swiss wind farm developer, NEK Umwelttechnik that will see it purchase the 225MW Ayitepa Wind Farm, Ghana’s first utility-scale wind farm.
The agreement is expected to reach a financial close next year, while the wind farm will start generating power by 2016. The two companies will, in the meanti. . .Nigeria\'s new gas power plant in Ajaokuta is underway
Posted on :Friday , 31st October 2014
Federal government has reached a memorandum of understanding with 3D Hitech System Ltd for construction of a gas power plant in Ajaokuta. It has also reached an MOU with T SEPCOIII Electric Power Construction Corporation and the CGC Nigeria Ltd for additional investment in power distribution and transmission in the country.
3D Hitech has already carried test running. . .
Angola to carry out five hydroelectric projects
Posted on :Saturday , 25th October 2014
Angola will carry out five new hydroelectric projects to produce 7, 000MW of power. This is according to Angola’s agency for development of the middle Kwanza (Cuanza) River, which has also said that the new hydroelectric projects will be based along Kwanza River.
Lined up for construction is five new dams, and the project will be part of the national program f. . .World Bank to invest US$ 20m in a new wind power project in Kenya
Posted on :Saturday , 25th October 2014
The World Bank, through its private arm International Finance Corporation (IFC) will be investing US$ 20m in equity into a wind power project in Kajiado County.
The funds will be channeled towards the Kipeto Wind Power Project which is going to be developed on a 70 kilometer square piece of land South-west of Nairobi. The project will be in the Esilanke area current. . .New US$ 57m Isimba Hydropower Dam in Uganda to be complete in 3 years
Posted on :Monday , 20th October 2014
Preliminary works on Isimba Hydropower Dam that will add 183MW of power into Uganda’s national grid kicked off last month, with construction works scheduled for three years. Construction of the Kayunga District-based dam will benefit from government’s counterpart funding of 15%, in addition to a low interest loan acquired by the Government of Uganda from Chinese government, through . . .
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