Market News
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Nigeria: Construction of 550 Megawatts Power Plant to Begin in June
Posted on :Tuesday , 29th March 2016
Handlers of the 550megawatts (mw) Independent Power Plant (IPP) in Ondo State said the construction activities will begin by June this year as the Nigerian Electricity Regulatory Commission (NERC) has issued a licence for it.
The plant will be built and operated by the Ondo State Government and its partners, Kingline Development Company, a South Korean Company.Nigeria: N6.06 Trillion Budget to Focus on Power, Housing, Transport
Posted on :Saturday , 26th March 2016
Abuja — This year's N6.06trillion budget as passed by the National Assembly (NASS) will pay strict attention to addressing perennial issues in power, housing and transport infrastructure, which got the lion's share of the capital votes.
The total budget figure is, however, N17 billion less than the 6,077,680,000000 proposed on December 22, 2015 by President Mu. . .Angola: U.S.$ 900 Million Invested in Soyo Combined Cycle Project
Posted on :Thursday , 24th March 2016
Luanda — The Angolan Government has invested about Usd 900 million in the Soyo Combined Cycle power project in northern Zaire province.The information was released Tuesday by the minister of Energy and Water, João Baptista Borges, who said the project will be complete in 2017.The project that involves several power s. . .Nigeria: President Targets 10,000MW of Electricity Generation
Posted on :Wednesday , 23rd March 2016
President Muhammadu Buhari on Monday said his administration has set a target of delivering 10,000 megawatts of electricity generation in the next three years.
The president, who stated this while addressing the National Economic Council retreat held at the State House, Abuja, said this year alone the administration would add 2000 megawatts to the national grid.Floating Power Station Inaugurated in Mozambique
Posted on :Tuesday , 22nd March 2016
Maputo — The Mozambican and Zambian Presidents, Filipe Nyusi and Edgar Lungu, on Saturday inaugurated a floating power station in Nacala in the northern province of Nampula.
The power station can generate 100 megawatts and can supply northern Mozambique and Zambia.The Turkish vessel containing the power station has been docked a. . .Please Select an Option
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