Market News
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Ethiopia will boost power generation to 17,000 MW in five years
Posted on :Wednesday , 14th October 2015
Implementing its second Growth and Transformation Plan (GTP II) in the coming five years, Ethiopia will endeavor to boost its power generation to at least 17,000 MW, said Ethiopia’s President Mulatu Teshome.
Having completed the implementation of its first GTP, the East African country in September launched the second GTP, which the president said is a decisive chapter in the co. . .Turnkey hydropower plant to be constructed in Africa
Posted on :Monday , 12th October 2015
The Sustainable Energy Fund for Africa (SEFA) has approved a US$965,000 grant to support the preparation of a turnkey hydropower plant in Saltinho, Guinea Bissau hydropower
The plant is expected to have a capacity of 20MW, said AfDB. The announcement was made on the sidelines of the African Development Bank (AfDB)’s Energy Week in September.The upcoming . . .Africa banking on nuclear power
Posted on :Friday , 9th October 2015
It’s no secret that Africa’s economic development has been stifled by the shortage of electricity across the continent. The Africa Progress Report 2015 puts theannual electricity-related economic loss at 2 percent to 4 percent of GDP. In Ghana and Tanzania, electricity shortages are costing businesses 15 percent of sales.
Over 600 million people are getting restless w. . .ERC notes increased Electricity exports from Kenya
Posted on :Thursday , 8th October 2015
Electricity exports from Kenya to Uganda and Tanzania have significantly increased as of July this year, Energy Regulatory Commission in Kenya has noted. According to the regulator the move is due to the recent addition of geothermal power into the national grid.
“The country has increased power sales and cut imports largely due to the additional geothermal ener. . .AfDB sets up a sh21 billion equity fund for renewable energy.
Posted on :Wednesday , 7th October 2015
The development of renewable energy received a shot in the arm after the African Development Bank set up a 21 billion shillings equity fund. The fund will be geared towards small and medium hydro, wind, geothermal, solar and biomass projects in the Sub Saharan region.Other interested parties include the Global Environment Facility which has contributed 45 billion shillings, European Investment . . .
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