Market News
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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$50 towards the projects. The project will be constructed by Egyptian-Emirati company.
AFDB says it will finance Egypt’s share in the first Egyptian-Emirati project to generate electricity from wind power.US$ 10.8m agreement signed for renewable energy projects in Kenya
Posted on :Thursday , 5th November 2015
Chase Bank and the French Development Agency have signed a US$ 10.8m loan to finance renewable energy projects in Kenya.Chase Bank Chief Executive Paul Njaga confirmed the reports and said that the money will be lent to businesses that want to invest in renewable energy technologies projects such as small hydro, biomass, biogas, solar, geothermal and other energy efficient . . .The construction of 78km Powerline in Burundi launched
Posted on :Wednesday , 4th November 2015
A US$ 36m powerline in Burundi that was constructed to link the capital Bujumbura, from the Ruzizi II hydroelectric dam in Kamanyola at the Democratic Republic of Congo has been launched by Burundi’s Deputy President Dr. Joseph Butore.
The Powerline in Burundi will help the country export surplus electricity to neighboring countries, or import through the regional interconn. . .Please Select an Option
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