Market News
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Obama signs Power Africa initiative into law
Posted on :Thursday , 11th February 2016
President Barrack Obama has signed into law the Power Africa deal a move aimed at expanding electricity to millions of households in sub-Saharan Africa. This measure has been widely supported as it is a game-changer in saving lives and accelerating growth on the continent.
The Electrify Africa Act leverages partnerships with the private sector in order to brin. . .African Manufacturers to generate 13,223.67MW of power
Posted on :Wednesday , 10th February 2016
About 13,223.67MW of power will be generated by the Nigerian manufacturers. This is according to Deutsche Zusammenarbeit (GZ) and the Nigerian Energy Support Programme.
According to the survey report titled Survey of Power Demand and Energy Consumption in the Industrial Sector in Nigeria, manufacturers alone have the capacity to produce such enormous MW electr. . .China to Construct hydroelectric power stations in Africa
Posted on :Monday , 8th February 2016
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 constructing the largest hydroelectric dam in the world in terms of productio. . .East Africa Near to Exporting Power
Posted on :Thursday , 4th February 2016
East Africa wants to become a leading electricity exporter in Africa after reaching initial agreements with several neighbouring countries writes JOHN SAMBO.
Gosaye Mengistie Abayneh, the CEO of Ethiopian Electric Utility (EEU) said recently, "Our vision is to interconnect the entire network in the African continent and beyond.&q. . .Phoenix Energy to construct mega solar power plant in Africa
Posted on :Wednesday , 3rd February 2016
One of the leading Lebanese energy companies Phoenix Energy is now set to construct one of the largest solar power plant in Egypt after clinching a contract for the same.
According to the officials from the Lebanese firm, the project will be constructed near Luxor and Aswan region in the country.According to the officials, the project is expected . . .Please Select an Option
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