Market News
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SWALA ENERGY GETS MINISTERIAL CONSENT FOR TANZANIA FARM-OUTS
Posted on :Thursday , 6th August 2015
Swala Energy Limited has reported that its subsidiary company Swala Oil and Gas (Tanzania) Plc has received a no objection notice from the Tanzanian Ministry of Energy and Mines to the farm-out of 50% of its interests in the Kilosa-Kilombero and Pangani licences to Tata Petrodyne Limited (TPL).
The consent from the Tanzanian Petroleum Development Corporation, the Ta. . .
Cosatu Statement On the Introduction of Nuclear Energy
Posted on :Monday , 3rd August 2015
The Congress of South African Trade Unions (COSATU) has noted the plans to build 6 to 8 nuclear power stations. Reports indicate that the introduction of this technology will cost between 400 billion and 1 trillion rand to build. This large sum of money required for financing nuclear energy will come from the taxpayer.
COSATU wishes to reiterate the following concerns raised by its af. . .
Ackermans energy saving scheme a success
Posted on :Monday , 3rd August 2015
ACKERMANS, the South African-headquartered multinational retailer, is reveling in the success of its multi-million Rand project to reduce its energy footprint.
In 2013, the organisation, in partnership with UGU Engineering Solutions, embarked on Project Save Watts (SWATTS) at cost of R33,4 million and received a R15 million rebate from Eskom, the power utility.The. . .
Major partnership enhances power provision in Kenya
Posted on :Monday , 3rd August 2015
GENERAL Electric has announced a partnership with Kipeto Energy Limited to build a new wind farm in Kenya’s Kajiado County.
The local power deal caps off a successful run of more than $2,5 billion in booked orders on the Africa continent across transport, aviation, healthcare and energy sectors.The Kipeto project, announced during United States President Bar. . .
Chinese firm to build Djibouti�s wind power plant inn East Africa
Posted on :Wednesday , 29th July 2015
Djibouti’s ministry of energy has signed an MoU with Shanghai Electric for the construction of a 60MW wind power project in the eastern African country
The Chinese mechanical and electrical equipment manufacturer will construct the project in two parts of 30MW each and the project will also include the construction of two 230 kV power lines in northern D. . .Please Select an Option
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