Market News
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European Bank to fund renewable energy in Africa
Posted on :Tuesday , 10th November 2015
The European Bank for Reconstruction and Development (EBRD) will now focus on financing renewable energy in Middle East and North Africa, its director Philip ter Woort, has announced.
The European Bank believes that the move will enable the Middle East and North Africa region to curb the current power shortage that is slowing economic progress in the region..<. . .Nyagak III Small Hydro Power Project in East Africa to be constructed
Posted on :Tuesday , 10th November 2015
The construction of Nyagak III Small Hydro Power Project in Uganda is set to commence soon, this is after the Ugandan Government and a German firm signed a US$ a 1.8m agreement.
The agreement which was signed by Uganda Electricity Generation Company Limited (UEGCL) on behalf of the government took place at the UEGCL offices in Nakasero. The German firm GOPA-In. . .Lekela Power signs MoU for construction of wind power plant in Africa
Posted on :Monday , 9th November 2015
Lekeka Power has signed a memorandum of Understanding for the construction of a wind power plant in Egypt.
Actis Fund and Lekela Power signed the MoU in the presence of President Abdel Fattah Al-Sisi. Actis Fund also discussed future investment activities with the Egyptian Electricity Transmission Company (EETC).Lekela Pow. . .SIEMENS TO BUILD 1000KM KENYA-ETHIOPIA POWER LINE
Posted on :Saturday , 7th November 2015
A consortium led by the German engineering group Siemens has won a contract to build a 1,000 kilometres high voltage power line linking Kenya and Ethiopia. The firm will partner with Spain’s Isolux Corsan to put up the line that will transmit 2,000 megawatts (Mw) hydropower from Ethiopia.
The high-voltage direct current (HVDC) transmission link is schedu. . .Construction of wind power projects in Africa receives AfDB support
Posted on :Friday , 6th November 2015
The construction of wind power projects in Egypt has received a major boost after African Development Bank (AfDB) agreed to extend a loan of US$50 towards the projects. The project will be constructed by Egyptian-Emirati company.
AFDB says it will finance Egypt’s share in the first Egyptian-Emirati project to generate electricity from wind power.Please Select an Option
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