Market News
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Renaissance Dam construction project in East Africa in good course
Posted on :Tuesday , 26th January 2016
The construction of the Ethiopia Renaissance Dam is in good course despite stiff opposition from Egypt. Reports from Ethiopia Electric and Power Corporation seem to indicate that the dam will soon start generating 750MW of electricity.
However, Egypt is concerned that the dam will be utilised for irrigation in Ethiopia, resulting in reduced downstream su. . .Yet another huge gas power plant to be constructed in Africa
Posted on :Monday , 25th January 2016
Namibia will construct its largest gas power plant since independence in 15 months’ time, Xaris Holdings, a company managing the project has announced. The plant is estimated to cost 450 million US dollars.
Other companies involved in this mega project includes; General Electric, Excelerate Energy, Standard Bank, Garanti Koza, KS Energy and Ariya Capital. . .Construction of Batoka Hydro Power Plant to begin 2017
Posted on :Friday , 22nd January 2016
The construction of Batoka Hydro Power Plant in Zimbabwe is set to commence in 2017. The plant will be built on the Zambezi River along the Zimbabwe-Zambia border.
Zimbabwe’s Energy and Power Development Minister, Samuel Undenge, told journalists in Harare last week that the feasibility studies are expected to be completed by June this year.. . .IFC issues African Country first green bond for climate-friendly initiatives
Posted on :Saturday , 16th January 2016
World Bank group IFC has issued a green bond worth US$71mn for climate-friendly investments in emerging markets
windenergy jimhammer flickrThe IFC bond will be used for investments in renewable energy and environment-friendly initiatives.The proceeds will be used to support investments in renewable energy, energy efficiency, and other areas that aim to reduce greenh. . .China boosts electricity project in Africa with $800m
Posted on :Thursday , 14th January 2016
China has pledged to finance an electricity project in Ivory Coast with US$800m. The project involves the expansion of the country’s electrical grid with the aim of supplying electricity to 500 towns.
Ivory Coast on its part is expected provide additional sum of US$41m towards the funding of the power project. The government will be responsible for the i. . .Please Select an Option
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