Market News

 Lekeka Power has signed a memorandum of Understanding for the construction of a wind power plant in Egypt.   Actis Fund and Lekela Power signed the MoU in the presence of  President Abdel Fattah Al-Sisi. Actis Fund also discussed future investment activities with the Egyptian Elect . . .

 A consortium led by the German engineering group Siemens has won a contract to build a 1,000 kilometres high voltage power line linking Kenya and Ethiopia. The firm will partner with Spain’s Isolux Corsan to put up the line that will transmit 2,000 megawatts (Mw) hydropower from Ethiopia . . .

 The construction of wind power projects in Egypt has received a major boost after African Development Bank (AfDB) agreed to extend a loan of US$50 towards the projects. The project will be constructed by Egyptian-Emirati  company.   AFDB says it will finance Egypt’s share in . . .

A US$ 36m powerline in Burundi that was constructed to link the capital Bujumbura, from the Ruzizi II hydroelectric dam in Kamanyola at the Democratic Republic of Congo has been launched by Burundi’s Deputy President Dr. Joseph Butore. The Powerline in Burundi will help the country export s . . .

The Tanzanian and Kenyan Governments have recently announced that construction works have started on the Kenya-Tanzania Power Interconnection project that aims at connecting the Eastern Africa Electricity Highway between Kenya and Ethiopia, with the Eastern Africa Power Pool compounded by countries . . .