Market News
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Ebonyi to build $1.14b independent power plant
Posted on :Friday , 5th September 2014
TransGlobe Energy has announced the discovery of a Lower Nukhul oil discovery at NWG 3, a gas/condensate test at North Dabaa 2, and has been awarded a new concession in Egypt’s Western DesertThe oilwell at Lower Nakhul was drilled to a total depth of 1,633 metres and encountered 12.8 metres of net oil pay in the prolific Lower Nukhul formation based on well logs and oil recovered on. . .
Nigeria:Power generation hits 4,044mw, improves electricity supply
Posted on :Thursday , 4th September 2014
Electricity generation in the country has hit 4,044 megawatts (MW) on account of improved gas supply to generation stations and the rise in the water level at the various hydro power stations typical of the rainy season.
The generation level, according to sources in the power sector, is expected to continue to improve with more gas being supplied and incentives given to ga. . .
Tanzania s Ngaka Basin can produce one billion tons of high quality thermal coal
Posted on :Wednesday , 3rd September 2014
Tanzania has the potential of bringing birth to one billion tons of high quality thermal coal. The expected one billion tons of thermal coal would come from Tancoal proven coal resources that are in the excess of 200 million tons, plus the Ngaka Basin, Mbalawala and Mbuyura/ Mkapa. . .
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Nairobi, Dar to float tender for power line
Posted on :Monday , 1st September 2014
Kenya and Tanzania are to float a tender in September for the construction of a transmission line capable of transferring 2,400MW of electricity.
The 400 kilovolt high voltage overhead transmission line is expected to cover about 510 kilometres from Isinya in southern Kenya to Singida in central Tanzania.The Kenya Electricity Tr. . .
AFRICA COULD LEAD ENERGY STORAGE REVOLUTION
Posted on :Thursday , 28th August 2014
Africa has the potential to be a leader in the energy storage space, says Basil Read Energy director, Ian Curry.
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