Market News

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 . . .

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, Minis . . .

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 genera . . .

 The African Development Bank (AfDB) has approved a US$145mn loan for the construction of a 510 km power transmission line running through Kenya and Tanzania power-transmission-lineThe Kenyan government plans to add 5,000 km power lines to the existing 3,800 km in the next two years.  Th . . .

 Uganda's retail power distributor Umeme Power Company is reported to be investing US$24mn in automated meter-reading technology that uses smart meters to help it curb energy losses among large commercial consumers powerline- gyn9037According to Babungi, the ability to monitor customer consump . . .