Market News

  First Coal power plant in Egypt will be constructed at a cost of US$3b a move that will boost the country’s  power sector. The move comes after the country signed a power plant construction deal with Siemens and scatec. According to officials in the Ministry of Electricity and . . .

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 e . . .

 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 . . .

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 th . . .

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 sy . . .