Market News

 Preliminary economic and technical evaluations of mineral exploration and development company Kibo Mining’s Rukwa Coal to Power project, in Tanzania, have confirmed the Rukwa mine as a suitable fuel source for a 300 MW mine-mouth coal-fired power station. Kibo said on Tuesday that the i . . .

 Daily power generation in Zimbabwe has improved from an average of 1 200 MW to 1 400 MW following refurbishment of power stations, an official has said.   Zimbabwe is currently facing power shortages as national demand at peak periods is estimated at 2 200 MW.   Demand far outwei . . .

 Luanda — Africa is one of the regions of the world with major unexplored energetic reserves, which expands its chances to become one of the main energy producers.   This was said Tuesday in Luanda by the CEO of the National Electricity Company (ENE), José Carlos, while addr . . .

Nigeria has reached an agreement with Brazilian firm, Benco Energy limited, for the construction of a 700MW combined cycle power generating plant in Bayelsa state, Southern Nigeria.   The Nigerian Minister of Power, Prof Chinedu Nebo explained, at the signing of the Memorandum of Understand . . .

 The Federal Government has set aside N200bn for the payment of outstanding market liabilities and financial obligations in the power sector. The Chairman, Presidential Task Force on Power, Mr. Reynolds Dagogo-Jack, said this in Uyo, Akwa Ibom on Friday while on an inspection tour of power pro . . .