Market News

 China is to build one of Africa’s largest solar power plants, an official has announced.   China’s ambassador to Kenya, Liu Xianfa, said on Friday that his country had signed an agreement to build the 50 MW project near the northeastern Kenyan city of Garissa. The project wi . . .

 According to environmental experts, the initiative could help cut government expenditure and also ease the pressure on the environment.   Steven Niyonzima, the national co-ordinator for the Rwanda Resource Efficient and Cleaner Production Centre, said the approach will promote green eco . . .

 GENERAL Electric (GE) is seeking to more than double revenue from Africa to as much as $10bn over the next five years as it targets power, health and locomotive opportunities in countries including Nigeria and Ethiopia.   "We’re bullish on Nigeria," GE’s president for transp . . .

Enel Green Power (EGP, Rome, Italy) has begun construction of the Pulida solar photovoltaic (PV) plant, which is located in the Free State Province in South Africa. The PV project will have a total installed capacity of 82.5 MW and once fully operational will be able to generate more than 150 GWh . . .

 Tanzania Electric Supply Company (Tanesco) Managing Director, Engineer Felchem Mramba, said although renewable energy technology is currently expensive but the future remains in exploiting wind and solar.   “Traditional energy sources such as gas and coal will be depleted over tim . . .