Market News
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FG sets aside N200bn for power sector liabilities
Posted on :Monday , 8th September 2014
The Federal Government has set aside N200bn for the payment of outstanding market liabilities and financial obligations in the power sector.
The Chairman, Presidential Task Force on Power, Mr. Reynolds Dagogo-Jack, said this in Uyo, Akwa Ibom on Friday while on an inspection tour of power projects in the state as well as Cross River State.A statement issued by PTFP . . .
US$250m Ressano Garcia power station in Mozambique inagurated
Posted on :Monday , 8th September 2014
President Armando Guebuza has inaugurated the Ressano Garcia power station located on the border with South Africa. The Ressano Garcia power station will generate a total of 180 megawatts.
The gas is treated by SASOL, South African petro-chemical giant, before being taken to the plant via a pipeline. The gas pipeline measuring 614 kilometre long starts from th. . .
Zimbabwe: Power Project Cost Raises Suspicion
Posted on :Monday , 8th September 2014
FORMER Energy minister Elton Mangoma yesterday questioned the US$533 million Kariba South Power Station extension project launched by President Robert Mugabe last week, saying there was serious suspicion of inflation of prices and looting by officials involved.
"Initially when we signed, the total cost for the project was US$370 million, now they are talk. . .
South Africa: Eskom Signs Koeberg Steam Generators Contract
Posted on :Monday , 8th September 2014
Power parastatal Eskom has signed a contract that will see the replacement of steam generators at the Koeberg nuclear power plant, it confirmed.
"Eskom is pleased to announce that the contract between it and Areva NP was signed on Friday," said Eskom on Saturday.The signing of the contract comes as Westinghouse Electri. . .
Continued growth expected for East African transmission and distribution industry
Posted on :Saturday , 6th September 2014
Regional interconnections and oil discoveries are expected to drive the transmission and distribution industry’s (T&D’s) growth in East Africa, the second-fastest growing region in Africa, global growth consulting firm Frost & Sullivan said on Tuesday.The region’s power sector was currently highly underdeveloped and had the lowest electricity access rate on th. . .Please Select an Option
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