Market News

 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 th . . .

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 geo . . .

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. & . . .

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 establish . . .

 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 accusa . . .