Market News
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Angola: U.S.$ 900 Million Invested in Soyo Combined Cycle Project
Posted on :Thursday , 24th March 2016
Luanda — The Angolan Government has invested about Usd 900 million in the Soyo Combined Cycle power project in northern Zaire province.The information was released Tuesday by the minister of Energy and Water, João Baptista Borges, who said the project will be complete in 2017.The project that involves several power s. . .Nigeria: President Targets 10,000MW of Electricity Generation
Posted on :Wednesday , 23rd March 2016
President Muhammadu Buhari on Monday said his administration has set a target of delivering 10,000 megawatts of electricity generation in the next three years.
The president, who stated this while addressing the National Economic Council retreat held at the State House, Abuja, said this year alone the administration would add 2000 megawatts to the national grid.Floating Power Station Inaugurated in Mozambique
Posted on :Tuesday , 22nd March 2016
Maputo — The Mozambican and Zambian Presidents, Filipe Nyusi and Edgar Lungu, on Saturday inaugurated a floating power station in Nacala in the northern province of Nampula.
The power station can generate 100 megawatts and can supply northern Mozambique and Zambia.The Turkish vessel containing the power station has been docked a. . .Kenya: Govt to Bring Investors Closer to Power Plants In Bid to Cut Costs
Posted on :Saturday , 19th March 2016
Kenya will set up investors near geothermal plants to cut the cost of electricity and offer subsidies in order to compete with her neighbours.
Mr Mohamed said on Thursday that they will set up investors at the shores of Lake Naivasha near the geothermal power plant to cut transmission charges to make Kenya attractive."We are goin. . .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. . .Please Select an Option
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