Market News

 Lagos — Nigerian company, Egbin Power Plc, has expressed interest to invest 630 million US Dollars (about 1.4trn/-) in construction of a natural gasfired power plant in Tanzania.   The major boost to the country's power generation is the newest public-private partnership project e . . .

 Edenville Energy, the company developing an integrated coal-to-power project in western Tanzania, has provided an update on the status of the financial modelling work for the project.   A newly constructed financial model for the company's Rukwa coal-to-power project has been completed . . .

 Several neighbouring countries of Ethiopia are showing choice of fulfilling their electric power demand by purchasing from the country. Recently, Tanzania has announced readiness to sign 400 MW power purchase deal with Ethiopia. The project brings nations towards a consensuses of utilizing the . . .

 Sinohydro Corp. has released the commercial and technical feasibility study for the Ngaka minemouth power plant project in southeast Tanzania. The project is owned by Intra Energy Corp.   Financial evaluation of the project is expected to be released in early October.   According . . .

 The government of Tanzania said on Saturday it will connect the country's gas-rich southern regions of Mtwara and Lindi to the national electricity grid.   Sospeter Muhongo, the east African nation's Minister for Energy and Minerals, told Parliament in the political capital Dodoma that . . .