Market News
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Muzizi power dam project takes off
Posted on :Monday , 31st August 2015
The 44 mega watt (MW) Muzizi Power Dam in Kibale District will finally be a reality soon following the signing of an agreement between the German Development Bank (KfW) and the Agency for French Development under which the two institutions will fund the project to the tune of €70m (about Shs 270 billion).
Muzizi Hydro Power Dam is to be constructed on Riv. . .
Kenya: Simba, Vivo Secure Diversified Kenya Partnership
Posted on :Saturday , 29th August 2015
Nairobi — Vivo Energy Kenya, the company that distributes and markets Shell-branded fuels and lubricants, has sealed a mutual interest partnership with local diversified business group, Simba Corporation.
The deal will see Vivo access tailor made vehicle leasing solutions from Simba.Alongside the partnership, Vivo has been retai. . .
Nigeria: Govt Signs U.S.$237 Million World Bank Electricity Deal
Posted on :Saturday , 29th August 2015
Abuja — TO underscore commitment to the on going reform in the power sector, the Federal Government yesterday announced that it has completed the signing of the World Bank Partial Risk Guarantees (PRGs) in support of the 450 megawatts Azura-Edo Independent Power Plant (IPP).
The deal was concluded on Friday, August 21, 2015. Parties to the agreement included t. . .
Ethiopia: Gilgel Gibe III On a Trial Electric Power Production
Posted on :Saturday , 29th August 2015
The largest hydropower plant in Ethiopia, Gilgel Gibe III, started trial electric power production on Tuesday (August 25, 2015), announced the Ministry of Water, Irrigation and Energy.
The dam begins trail production since it stored water that enables the production, Alemayehu Tegenu, Minister of Water, Irrigation and Energy told the press. When the trail is success. . .
Power: Energy for all in 2020
Posted on :Saturday , 29th August 2015
The government will have to act quickly and mobilise funds to connect all of the country's population centres to the national grid in the next five years. With inadequate electricity supplies sapping the country's economic growth, the government has launched several large projects to increase generation capacity and connect more customers to the national grid.
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