Market News
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EU funds �4.4m Zambia Power Project
Posted on :Wednesday , 24th February 2016
The European Union (EU) has given Zambia 4.4 million Euros in a financial grant for the implementation of the electricity inter-connector project along with Kenya and Tanzania.
Energy and Water Development Deputy Minister Charles Zulu said the three country-led power project was being funded by the EU in collaboration with the Common Market for Eastern and Southern . . .Turkish Company to construct a US$ 400m peat-fired power plant in East Africa
Posted on :Wednesday , 24th February 2016
A US$ 400m peat-fired power plant is set to be constructed in Southern Rwanda by a Turkish company, Hakan Mining and Generation Industry and Trade Inc.
The 80MW power plant is under a power purchase agreement (PPA) signed by the Rwandan government.The agreement gives them the go ahead to design, finance, build, own and operate t. . .Tanzania & Uganda exploring Geothermal Projects to Plug Power Deficit
Posted on :Wednesday , 24th February 2016
Uganda and Tanzania are set to begin generating electricity from geothermal resources to plug the supply deficit.
In East Africa, Kenya is leading in power generation using underground steam.Green Impact Development Services (GIDS) is carrying out exploration and evaluation of geothermal resources with aim of developing a 100MW power . . .120 MW gas fired power station unveiled in Mozambique
Posted on :Tuesday , 23rd February 2016
Mozambique President Filipe Nyusi has officially inaugurated the 120 MW Gigawatt Park gas fired power station, in Ressano Garcia.
The project was developed by Gigajoule International, a South African investment group and majority shareholder in the project and took 18 months to complete.The plant’s 13 generators of 9.3 MW each w. . .Funding for Egypt's energy sector by African Development Bank hits $1.2bn
Posted on :Saturday , 20th February 2016
African Development Bank (ADB) has allocated finances estimated at US$1.2 billion to enhance Egyptian energy sector, Khaled El-Askari -principal energy officer at ADB- told Amwal Al Ghad Thursday.
He stated that the bank is studying participating with US$100-200 million to finance establishing the power plant in Beheira governorate.On. . .Please Select an Option
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