Market News

The governments of Rwanda and Japan yesterday signed a financing agreement, worth $18.4 million (about Rwf14 billion), aimed at boosting electricity distribution networks in the City of Kigali.   The funds will specifically be injected in the construction of Ndera substation and the Murindi a . . .

Energy projects developer Intratrek Zimbabwe and its Indian technical partners last Friday signed a contract for construction of the long-awaited 30 megawatt Gairezi Hydro Power Project with Zimbabwe Power Company. The engineering, procurement and construction contract was signed between Intratrek a . . .

PRESIDENT Edgar Lungu has commissioned the newly-constructed Itezhi-Tezhi Hydro-power Station with assurance that Government remains committed to mitigating the current power deficit caused by global and natural factors.   The 120 megawatts (MW) station was built at a cost of US$142 million. . . .

The Gezhouba Group Corporation (CGGC), a Chinese base company specializing in the construction of hydroelectric power stations plans to construct two  hydroelectric power stations in Gabon.   Besides constructing 3 Gorges Dam in China, the power company is renowned corporation for constr . . .

Egypt has opened talks with more than three energy companies based in UAE and Saudi Arabia aiming to counter the electricity crisis that the country now faces.   Currently the country has signed various project that will see it produce up to 6,750 MW, reports have shown.   According to . . .