Market News
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Egypt: First Coal-Operated Power Station to Be Established in March At U.S.$3 Billion
Posted on :Monday , 2nd November 2015
High-level sources in the Ministry of Electricity and Renewable Energy said that the ministry will sign with a UAE company a contract for establishing the first coal-operated power generating station in South Sinai next March.
The sources said that the ministry is currently finalizing the environmental studies and timetable of the project, where the Egyptian Electri. . .Gas discovery in Africa to boost energy export
Posted on :Monday , 2nd November 2015
A recent Gas discovery in Egypt is likely to put the country back to its former position where it used to export energy. This follows the discovery of huge Zohr natural gas field at the coastline of the country.
Discovered by oil exploration company Eni, The move will see the country back into exporting liquefied natural gas (LNG), making the bright spot of de. . .Kenya Power Net Profit Rises to Sh7.4 Billion
Posted on :Friday , 30th October 2015
Kenya Power has posted a 6 per cent increment in net profit to Sh7.43 billion for the year ended June 30.
Net earnings for the previous year stood at Sh6.99 billion.The utility's jump in profits was supported by increased electricity sales and a review of the electricity tariff that became effective at the start of December 2013.TIB Bank gives energy sector big boost
Posted on :Thursday , 29th October 2015
SUBSTANTIAL investment in the energy sector is set to increase electricity generation to make history the long overdue power blues that have been contributing to cost of doing business.
TIB Development Bank entered into a deal with the state owned Power Company (TANESCO) to release and arrange a syndicated loan aimed at putting new infrastructure, the transmission line from Somanga in Ki. . .AFDB boosts electricity access in rural East Africa
Posted on :Wednesday , 28th October 2015
The African Development Bank Group (AfDB) has boosted electricity access in rural Uganda following the approval of US$ 121m loan to finance the project.
According to AfDB, the funds are expected to help in the improvement of livelihoods, growth of the economy and allow access to social services in rural areas as public institutions get connected to the n. . .Please Select an Option
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