Market News

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 . . .

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. & . . .