Market News

Dar es Salaam — The government has said it is optimistic it can close the deficit of 1,290 megawatts of electricity to achieve the goal of generating 2,780 MW by the end of next year   "What we must now do is find a means of generating the remaining 1,290MW so that we can reach that tar . . .

Zambia, Tanzania and Kenya are trying to find out how much electricity a planned high voltage power line linking them will deliver to each country as they prepare to launch the $1.4 billion project by 2018, Zambia's energy ministry said. The interconnection is intended to enhance power trade, sec . . .

Nairobi — Kenya Power has signed power purchase agreements with four local generators for the uptake of 20.8MW additional power capacity from renewable energy sources.   Signed in 20-year arrangements under feed-in tariff policy that aims at encouraging investments in renewable energy p . . .

Israeli energy firm Ormat Technologies has teamed up with Japan's Toshiba Corporation to source and implement joint geothermal contracts.   The first project expected to be implemented under the deal signed Friday is Nakuru's Menengai Crater to be constructed and operated by the Ormat - Symbi . . .

France says it has granted 170 million dollars aimed at increasing the power supply for the Federal Capital Territory (FCT).   The French Ambassador to Nigeria, Mr Denys Gauer announced this on Thursday in Abuja in a remark at the Nigeria Alternative Energy Expo 2015.   Represented by . . .