Market News

 The US$145m wind power project in Nyandarua County has received a green light from the political class and area residents to have it go ahead. The project is expected to add 61MW of electricity to the national grid.   Funded by various foreign investors, the project is being undertaken . . .

 Kenya’s National Cement, a member of the Devki Group of Companies plans to build a Sh1.7 billion ($19 million) coal-fired power plant to feed its clinker manufacturing and limestone mining operation in Kajiado, 80 kilometres south of the country’s capital Nairobi.   The powe . . .

 SAN JOSE, Calif. and CAPE TOWN, South Africa, Nov. 4, 2014 /PRNewswire/ -- SunPower Corp. (NASDAQ: SPWR), a leading solar technology and energy services provider, today announced plans to own and operate a solar panel manufacturing facility in Cape Town, South Africa, to meet the growing deman . . .

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 fa . . .

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 tra . . .