Market News
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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. . .East Africa: Renaissance dam to be a souce of Energy once it meets the finish line
Posted on :Wednesday , 17th February 2016
Ethiopia has announced that it will continue with the construction of the Renaissance Dam to its completion. The country’s minister of Water, Irrigation and Energy, Motuma Mekasa has told the media that there is no reason to halt the construction of the dam.
Mekasa denied accusations that Ethiopia was derailing talks on the dam construction. He added tha. . .Wind energy in Africa surges above1GW
Posted on :Tuesday , 16th February 2016
A new report by Global Wind Energy Council (GWEC) shows a capacity increase in installed wind energy in South Africa to above 1 GW last year.Wind energy in South Africa This makes South Africa the largest producer of wind energy, followed by Morocco whose installed capacity stood at 787 MW in 201.
Wind growth in South Africa has largely been inspired by Renewa. . .Geothermal energy in Kenya boosts its export to Tanzania,Uganda
Posted on :Monday , 15th February 2016
Electricity Utility firm Kenya Power which owns and operates most of the electricity transmission and distribution system in Kenya has announced that it has almost doubled its electricity exports to Uganda and Tanzania since it increased generation of geothermal energy in Kenya national grid.
Official data reveals that the electricity distributor sold 46.6 mil. . .Obama signs Power Africa initiative into law
Posted on :Thursday , 11th February 2016
President Barrack Obama has signed into law the Power Africa deal a move aimed at expanding electricity to millions of households in sub-Saharan Africa. This measure has been widely supported as it is a game-changer in saving lives and accelerating growth on the continent.
The Electrify Africa Act leverages partnerships with the private sector in order to brin. . .Please Select an Option
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