Market News

 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 fea . . .

 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 r . . .

 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 t . . .

 The newly constructed AMERI power plant in Ghana which will be an emergency power plant is expected to commence commercial operations by February 2016, Energy Commission Board Chairman Dr. Kwame Ampofo has announced.   Accompanied by the Board Members of the Commission including Mr. Mic . . .

 The department of energy has issued clarification to reports that the government and cabinet have made final the verdict to implement the nuclear build programme in South Africa.   In a statement, the department said the move to go ahead developing the nuclear new build programme was in . . .