Market News
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Africa To Get U.S.$12 Billion Energy Package From AFDB
Posted on :Thursday , 2nd June 2016
Lusaka — Africa was presented with its largest energy deal ever - a $12 billion package from the Africa Development Bank - as some leaders fought off pressure from environmentalists concerned about the threat of an impending construction boom of power dams, reiterating their position that the continent was simply tired of being in the dark.
Under the new deal,. . .Tanzania: 250 KM Power Line To Be Ready Soon
Posted on :Wednesday , 1st June 2016
Dodoma — EXECUTION of the 250-kilometre of power line from Makambako in Njombe Region to Songea in Ruvuma region at a cost of 34.68 million US dollars and 15.41bn/- is expected to be completed by June 2018, the National Assembly heard yesterday.
Among others, the first phase of the project will involve expansion of a power sub-station at Makambako and construc. . .Tanzania: REA Scheme to Give Power to 6000 Villages
Posted on :Saturday , 16th April 2016
THE government has said nearly 6,000 villages will be connected with electricity through the Rural Energy Agency (REA) phase three. Deputy Minister for Energy and Minerals, Dr Medard Kalemani, told a parliamentary committee on Energy and Minerals when giving details of the implementation of REA budget in 2016/2017 fiscal year.
The deputy minister said the implementa. . .Nigerian Govt, U.S. Firm Sign MOU for 500MW Power Plant
Posted on :Saturday , 9th April 2016
Asaba — Delta State Government on Thursday signed a Memorandum of Understanding (MoU) with an American company, Alpha Energy and Electric Inc., for the generation of 500 megawatts (MW) of electricity through public- private partnership.
The MoU was signed on behalf of the state government by the Secretary to State Government (SSG), Mr. Festus Ovie Agas, witnes. . .SADC: First Phase of Regional Power Interconnector Project Nears Completion
Posted on :Friday , 8th April 2016
The first phase of the 2 300 km regional power interconnector project that will link Zambia – Tanzania and Kenya (ZTK) power grids is expected to be completed by December this year in a development that is set to boost SADC power and the African Union’s thrust for continental integration.
The Chinese development package is into 10 areas that include infr. . .Please Select an Option
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