Market News

South Africa is set to get a new nuclear power plant, following the signing of a cooperation deal with Russia recently. Both sides noted that the nuclear power plant will have a production capacity of up to 9.6 GW based on Russian Technology, by 2030. The announcement was made during an Internationa . . .

The government of Rwanda is planning to construct a new US$ 260m peat-fueled power plant in Gisagara district, Rwanda to add up to 80 megawatts into its national grid.   To be constructed in partnership with a Turkish company, Hakan, the new peat power plant will help address the country&rsqu . . .

Two solar-powered plants are set to be constructed in Kumbotso, Kano state and Karu, Abuja state of Nigeria. The project will require US$106m to fund the construction, and each each solar power plant will give off 50MW.   A consortium of international investors, Global Business Resource of US . . .

 A network of wind power farms, with 600-megawatts will be set up in Egypt in three years. This is according to Egyptian Vice President Wael Hamdy. El Sewedy Electric, which is the company planning to build the farms, will start on measuring wind speeds, assessing key environments and carrying . . .

    Egypt is planning to offer two tenders for projects that will see it add 8GW of coal power, wind and solar, according to Minister of Investment Ashraf Salman. The Minister said last week that two coal power plants will be constructed in the 2014/2015 fiscal year (as part of the overa . . .