Market News

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. . . .

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 yea . . .

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 Turkis . . .

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 charg . . .

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 Pre . . .