Market News

The European Union (EU) has given Zambia 4.4 million Euros in a financial grant for the implementation of the electricity inter-connector project along with Kenya and Tanzania.   Energy and Water Development Deputy Minister Charles Zulu said the three country-led power project was being funde . . .

 A US$ 400m peat-fired power plant is set to be constructed in Southern Rwanda by a Turkish company, Hakan Mining and Generation Industry and Trade Inc.   The 80MW power plant is under a power purchase agreement (PPA) signed by the Rwandan government.   The agreement gives them th . . .

Uganda and Tanzania are set to begin generating electricity from geothermal resources to plug the supply deficit.   In East Africa, Kenya is leading in power generation using underground steam.   Green Impact Development Services (GIDS) is carrying out exploration and evaluation of geo . . .

Mozambique President Filipe Nyusi has officially inaugurated the 120 MW Gigawatt Park gas fired power station, in Ressano Garcia.   The project was developed by Gigajoule International, a South African investment group and majority shareholder in the project and took 18 months to complete. & . . .

Sumitomo Corporation, a Japan based firm is set to construct a thermal power power plant in Mozambique with future expansion plans in neighbouring Tanzania.   Sumitomo aims to expand its power generation business in the African continent and has partnered with heavy industry group IHI on a $1 . . .