Market News
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4 Tanzanian firms lined up for US power grant
Posted on :Monday , 17th August 2015
Four Tanzanian companies are among 11 beneficiaries in Africa of one-million-US-dollar grant from the US President Baraka Obama’s Power Africa initiative to expand their renewable energy solutions to rural communities.
Power Africa said in a statement that the beneficiaries in Tanzania include the Benedictine Sisters of St. Gertrud Convent in the Njombe . . .
Private capital will end Africa power cuts by 2025, says survey
Posted on :Monday , 17th August 2015
Power cuts in 15 Sub-Saharan African countries could become an “exception” rather than a norm in 10 years time, with private capital expected to play an increasingly bigger role, according to a survey by PricewaterhouseCoopers (PwC) released yesterday.
The survey found that 96 per cent of the officials interviewed from Nigeria, South Africa, Zambia. . ..jpg)
US$300mn risk cover secured for construction of a geothermal power plant in Kenya
Posted on :Thursday , 13th August 2015
The consoritum that is working on construction of a geothermal power plant in Kenya has secured a has secured a risk cover from a German reinsurer, Munich Re worth US$ 300mn that will eventually pave way for the funding of the well drilling.
The risk cover is meant to compensate investors in the Akiira One project in case the eight geothermal wells being drill. . .
Constructed Ngong wind power plant is to be commissioned in Kenya
Posted on :Wednesday , 12th August 2015
The constructed Ngong wind power plant is to be commissioned in Kenya by Kengen in a bid to boost the renewable sources contributions to the national grid. It is hoped that the move will help in meeting the vision of generating 5,000MW of power by 2018. The construction of the wind power farm was expanded as a way of scaling up energy sources as the country looks to green energy.
Nigeria: Electricity Grid Maintains Rise, Now 4,662 Megawatts
Posted on :Monday , 10th August 2015
Electricity generation across the country has continued to maintain a continuous rise from 4,000megawatts just as it rose to 4,662mw on Wednesday.
Although the system began to rise in capacity from late June 2015, electricity customers across the 11 Distribution companies (Discos) had complained of not seeing a commensurate improvement in power supply hourly.. . .Please Select an Option
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