Market News

The first phase of the 2 300 km regional power interconnector project that will link Zambia – Tanzania and Kenya (ZTK) power grids is expected to be completed by December this year in a development that is set to boost SADC power and the African Union’s thrust for continental integration . . .

Kaduna — Kaduna State Government said it would commit over N29.6 billion on power supply, agriculture and rail transport.   Gov. Nasiru El-Rufa'i who stated this on Wednesday in Kaduna at the opening of the Kaduna Economic and Investment Summit, said that part of the projects captured u . . .

Dar es Salaam — Tanzania is determined to complete two projects to connect the country's electricity grid to that of Kenya and Zambia by 2019.   The projects-Iringa-Shinyanga (Backbone Transmission Investment Project) which will be interconnected with Kenya grid and the Iringa-Mbeya whi . . .

Handlers of the 550megawatts (mw) Independent Power Plant (IPP) in Ondo State said the construction activities will begin by June this year as the Nigerian Electricity Regulatory Commission (NERC) has issued a licence for it.   The plant will be built and operated by the Ondo State Government . . .

Abuja — This year's N6.06trillion budget as passed by the National Assembly (NASS) will pay strict attention to addressing perennial issues in power, housing and transport infrastructure, which got the lion's share of the capital votes.   The total budget figure is, however, N17 billion . . .