Market News
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IAEA to Support Nigeria Generate 4,000 Megawatts of Electricity
Posted on :Saturday , 19th March 2016
Abuja — President Muhammadu Buhari has appreciated the support of the International Atomic Energy Agency, IAEA, for Nigeria's quest to generate 4,000 megawatts of electricity using nuclear energy.
This came as Ministers of Power, Solid Minerals, Health, Science and Technology told President Buhari that Nigeria would soon start a program that will help the coun. . .Additional 160GW to be Added to Continent's Power Grids with AfDB's New Deal
Posted on :Friday , 18th March 2016
President of the African Development Bank, Dr. Akinwumi Adesina, says the new deal articulated by the bank on energy for Africa in 2015 will add 160 gigawatts, GW, of new electricity generation capacity to Africa's power grids by 2025.
In September 2015, the Bank articulated a New Deal on Energy for Africa and launched a Transformative Partnership on Energy for Afri. . .Switzerland, Italy and Denmark to Assist Malawi On Energy and Food Security
Posted on :Tuesday , 15th March 2016
Lilongwe — New Switzerland Ambassador to Malawi, Ruth Huber Thursday said her focus to the country will be to assist the nation to have improved energy sector and be food secured.
After presenting letters of credence to President Prof. Peter Mutharika, Huber said Switzerland and Malawi have had a mutual bilateral relationship for about 15 years now.East African countries to get $140m fund to finance power production projects
Posted on :Friday , 11th March 2016
A fund was launched to finance power production projects using thermal energy underground in countries of East Africa with a capital of $140m, according to the Africa-EU Commissioner for Energy and Infrastructure Elham Ibrahim.
Ibrahim explained that the fund’s capital consists of contributions from member countries, including some EU countries, worth $30m. Ge. . .Kenya signs $408 million loan with Japan for 140 MW geothermal plant
Posted on :Thursday , 10th March 2016
6 billion yen ($408 million) loan agreement to go towards building a 140 megawatt (MW) geothermal power plant that is expected to be operational within the next two years, the two governments said.
Read more at: http://www.standardmedia.The plant, know as Olkaria V, will be built by Kenya Electricity Generating Company (KenGen), which has said it expects to begin construction in July,. . .Please Select an Option
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