Market News

    Swala Energy Limited has announced a Share Purchase Plan to raise up to A$5.0 million (US $4.4 million) to fund additional near-term work on the Company’s Tanzanian and Kenyan licences, as well as for business development and general administrative purposes. The c(SPP) is to b . . .

Africa is to have the largest independent power plant built in the Sub-Saharan region, Ghana.  Cenpower Generation Limited has already signed an agreement for construction of Kpone Independent Power Plant (KIPP) in the Tema industrial zone at a cost of US$900m to finance the project. The Com . . .

    Five African countries will benefit from the Africa Biogas Partnership Programme (ABPP) that will see construction and installation of 100, 000 biogas plants by 2017. The program, a partnership between Hivos and SNV, will see about half a million populations in Ethiopia, Kenya, Ugand . . .

Work on the 140mw Olkaria IV power plant, Naivasha, is complete.   The plant will be commissioned on Friday by President Uhuru Kenyatta.   Energy Cabinet Secretary Davis Chirchir said the area is already producing 210mw of the expected 280mw.   He said the 210mw has been pumped . . .

Oran — Algeria will build its first nuclear plant before 2029, declared Sunday in Oran Minister of Energy, Youcef Yousfi.   "Nuclear energy is not for soon, but we cannot ignore that it is a capital energy industry, likewise the other resources, devoted to our energy efficiency and our . . .