Market News
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Russia offers loan for nuclear power plant construction in Africa
Posted on :Thursday , 3rd December 2015
Russia has agreed to fund the first ever nuclear power plant in Egypt by extending a loan of $25b towards the construction of the plant. The nuclear power plant in Egypt is being constructed by Rosatom Russia’s state owned company.
This will be one of the largest project being funded by Russia. Upon completion the construction project is expected to help. . .Construction of a major thermal power plant in Africa nears completion
Posted on :Thursday , 3rd December 2015
Energy Minister for Zambia Dora Siliya has announced that the construction of the 300 megawatts thermal power plant in the country is almost complete. The minister revealed that 83% of the construction work has been done. She was speaking after touring the construction site for the power plant.
She said that the thermal power plant in Zambia will boost the cou. . .Zambia Launches Construction of China-Aided Hydro-Power Project
Posted on :Wednesday , 2nd December 2015
Zambia launched the construction of a China-aided major hydro-power project on Saturday, which will go a long way in boosting the country's electricity generation capacity.
The launch came after the signing of a memorandum of understanding by the two governments for the commencement works on the development of the 750 megawatts Kafue Gorge Lower Hydro-power project . . .Emergency Power Generation Earns Kengen Sh24.9 Million
Posted on :Wednesday , 2nd December 2015
Kenya Electricity Generating Company (KenGen) earned Sh24.9 million for managing the most expensive form of energy in the country during the year to June 30.
The revenue is disclosed in KenGen's annual report for the period which also shows that the company earned Sh33.7 million for a similar activity last year.According to KenGen's m. . .Upbeat Paris climate talks will bear fruit in Africa
Posted on :Wednesday , 2nd December 2015
UN sponsored climate talks got underway in France’s capital Paris this week with Africa’s top climate change negotiators upbeat that they will get a legally binding agreement this year.
Early ahead of the talks South African negotiators were not sure exactly how much money they want donors to put in to help developing countries adopt climate-friend. . .Please Select an Option
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