Market News

Dangote Industries has announced its intention to construct a 1,000-megawatt power generation facility at its forthcoming refinery location in Lamu, Kenya, with approximately fifty percent of the generated electricity designated for sale to the national government. Aliko Dangote, Chief Executiv . . .

The outgoing Energy minister, Deogratius Ndejembi, made this statement at a two-day high-level meeting, during which the UN agency highlighted the necessity of enhancing dialogue, fostering innovation, and aiding its member states in advancing maritime transport as a key element in the global clean . . .

As the nation initiates the implementation of Vision 2050, the government is intensifying its investments in electricity generation, natural gas infrastructure, transmission networks, and renewable energy. TANZANIA is steadily identifying energy as the key driver for its upcoming development phase.& . . .

The Power Grid Corporation of India, which is state-owned, has formally commenced the execution phase of its transmission project in Kenya after setting up a project company in Nairobi to facilitate the development of a KSh40.2 billion electricity corridor. The company has formed Mwanga Transmi . . .

Uganda and Tanzania have initiated the procurement process for a major 400kV power interconnector, which is projected to strengthen regional electricity trade. The Uganda Electricity Transmission Company Limited (UETCL) recently organized an early market engagement meeting in Kampala to inform contr . . .