Market News

The current vigour the 5thgovernment is exhibiting is key to achieving Sustainable Development Goal number 7, access to affordable, reliable, sustainable and modern energy for all, the Head of delegation of the European Union to Tanzania and East Africa region has said.   Speaking yesterday w . . .

Lusaka — Africa was presented with its largest energy deal ever - a $12 billion package from the Africa Development Bank - as some leaders fought off pressure from environmentalists concerned about the threat of an impending construction boom of power dams, reiterating their position that the . . .

Investors of the Sh21 billion wind power project at Baharini in Mpeketoni, have promised to create many jobs for locals.   They said they will also establish a Sh15 million annual trust fund to support local communities.   The wind harnessing plant is a project of a Kenyan firm Kenwind . . .

The push for clean energy has received a major boost after a Sh3 billion ($29.65 million) concessional loan was approved to finance two geothermal power projects in Menengai with an estimated total output of 70 megawatts (MW).   A clean energy fund, backed by six multilateral development bank . . .

Asaba — Delta State Government on Thursday signed a Memorandum of Understanding (MoU) with an American company, Alpha Energy and Electric Inc., for the generation of 500 megawatts (MW) of electricity through public- private partnership.   The MoU was signed on behalf of the state govern . . .