International PV developer, Sonnedix, is joining forces with institutional investor, JP Morgan Asset Management, in a new joint venture to pursue emerging solar project opportunities worldwide.
The JV, Sonnedix Power Holdings, will hold 17 already built PV projects totalling 117MW in France, Italy, Spain, Thailand and Puerto Rico.
Posted on : Wednesday , 7th January 2015
Rwanda is planning to construct a new petroleum storage facility that will have capacity to store 21 million liters – a move that will help boost the overall national reserve that currently stands at 30 million litres.
The new facility will also aid in the country’s transportation and importation sectors in the industry.
Posted on : Wednesday , 7th January 2015
CPV producer Soitec said a 150MW CPV power plant previously announced would be scrapped as the customer, San Diego Gas & Electric was said to have encountered a “major roadblock” in developing the project.
Soitec said in a statement: “Certain of the administrative conditions pertaining to the transaction could not be fulfilled timely. Soitec will therefore not receive the expected CPV systems order from the designated EPC contractor which was anti.... Read more »
Posted on : Wednesday , 7th January 2015
France-headquartered renewable energy developer, Sonnedix, has finalised details of an 86MW PV power plant to be built in South Africa.
The project, which falls under the third window of South Africa’s flagship renewable energy procurement programme, will be built in the country’s Northern Cape province.
Posted on : Wednesday , 7th January 2015
Mozambique could become the third world’s largest Gas producer after Australia and Qatar should it secure the needed foreign investment in the range of $20Bn to $25Bn according to a study by PriceWaterhouseCoopers.
Posted on : Wednesday , 7th January 2015
Nigerian energy firm Taleveras Group said on Monday it had signed a deal with the government of Equatorial Guinea to build a giant oil storage hub in the central African country.
Posted on : Wednesday , 7th January 2015
National Microfinance Bank (NMB) says in its e-Market report that the shilling close on the strong foot against US dollar, the major trading currency, buoyed by end-month local money demand.
Posted on : Wednesday , 7th January 2015
The plant, which will have the capacity to produce 157,000 tonnes of steel products each year, is expected to go a long way in providing affordable raw materials for the country’s growing construction industry.
Posted on : Wednesday , 7th January 2015
President Paul Kagame and his South Korean counterpart Park Geun-hye yesterday held talks focusing on fostering bilateral relations between the two countries. The meeting at the South Korean leader’s residence in Busan marked the end of Kagame’s two-day visit to the East Asian country. By tapping into South Korea's transformation from a developing nation to among the top 20 economies in the world, the two presidents, in a closed-door session, discusse.... Read more »
Posted on : Wednesday , 7th January 2015
Tanzania expects to double its cement output over the next few years according to a report by the Daily News.
Posted on : Tuesday , 6th January 2015
Musoma — AS part of the government's rural electrification plan, a total of 45 villages in Mara Region will be connected to power through the Rural Energy Agency (REA), it has been announced.
The announcement was made by the Minister of Energy and Minerals, Prof Sospeter Muhongo, who is on a six-day tour of the region to inspect implementation of the second phase of rural electrification projects undertaken by REA and Tanzania Electric Supply Company (Tanesco).
Posted on : Tuesday , 6th January 2015
Kenya is to begin exporting 30MW of power to Rwanda via Uganda by July 2015, Kenya Power announced on 10 December, following the signing of a wheeling agreement with Uganda Electricity Transmission Company and Rwanda Energy Group (REG), and a power purchase agreement between REG and Kenya Power. Under the agreements, REG will pay Kenya Power $0.12/kWh for the electricity, while UETCL will levy $0.028/kWh as a wheeling charge.
.... Read more »Posted on : Tuesday , 6th January 2015
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