Market News

 The Africa Renewable Energy Initiative (AREI) is being supported significantly by several countries that have pledged around US$10bn for clean energy projects in Africa  cleanenergy ArtemyoLagalag flickrThe goal of AREI is to supply atleast 300GW of power by 2030 to the African continent . . .

Symbion Power Lake Kivu Ltd, a subsidiary of American firm Symbion Power LLC, on Tuesday signed a 25-year power purchase agreement (PPA) with the Rwanda Energy Group (REG) for a 50 Megawatt (MW) methane gas to power project.   The official signing involved Symbion Power CEO Paul Hinks, REG CE . . .

 Deville Shopping Centre in South Africa now boasts of 1,206 highly efficient solar panels on its rooftop.   The solar panels will supply just about 8% of the centre’s electricity requirements. The project was managed by Spire Sustainable Solutions on behalf of the Tower Property F . . .

Power generation in Uganda will nearly double in the next three years, Benon Mutambi, chief executive officer of the state-run Electricity Regulatory Authority (ERA) has announced. The move comes following reforms by Uganda that has boosted investment by independent power producers and developmen . . .

 Egypt says it will add 3 GW of power to national grid in the coming year in a bid to reduce power deficit facing the country Power.   This comes barely after the country’s business community called for quick response to the current unending power shortages that have hampered heavy . . .