Market News

Umeme Ltd nears completion of substation for Ugandan township
Umeme Ltd nears completion of substation for Ugandan township
29 December 2015

Uganda’s power utility company Umeme Limited is in the final stages of constructing a 40 MVA substation in the Namugongo township   The new facility will help reduce losses during the distribution of power and also provide stable power around Namanve, Kireka, Namugongo and Kyaliwajjala . . .

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UK and USA sign MoU to aid Africa with power generation
UK and USA sign MoU to aid Africa with power generation
28 December 2015

 K’s Energy Africa campaign and USA’s Power Africa initiative have decided to sign a partnership to aid Africa with power generation projects geothermal HaukurHerbertsson flickrHarnessing geothermal energy sources across Africa could help overcome electricity deficits. An MoU was . . .

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French Companies to Invest in Zimbabwe
French Companies to Invest in Zimbabwe
28 December 2015

A number of French investments are lined up for Zimbabwe in 2016 with power giant, Schneider Electric, expected to enter the Zimbabwean market, French Ambassador to Zimbabwe Laurent Delahousse has said.   Delahousse told businessdigest in an exclusive interview this week that the firm, which . . .

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AfDB Spends U.S.$1Billion On Energy Projects
AfDB Spends U.S.$1Billion On Energy Projects
26 December 2015

The African Development Bank (AfDB) says it had devoted at least $1 billion to finance power and infrastructure projects in Africa this year alone.   In October, the AfDB availed $428,43 million in loans and grants to finance projects in energy, infrastructure, transport and water and sanitat . . .

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Energy firm concludes construction of gas-powered plant in Mozambique
Energy firm concludes construction of gas-powered plant in Mozambique
24 December 2015

The Gigawatt Mozambique power company says it has completed the construction of a gas-fired power station at Ressano Garcia, on the border with South Africa, with the initial capacity to generate 120 megawatts, APA can report on Thursday. The company’s managing director, Johan de Vos, said . . .

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