Market News

Implementing its second Growth and Transformation Plan (GTP II) in the coming five years, Ethiopia will endeavor to boost its power generation to at least 17,000 MW, said Ethiopia’s President Mulatu Teshome. Having completed the implementation of its first GTP, the East African country in Sep . . .

 The Sustainable Energy Fund for Africa (SEFA) has approved a US$965,000 grant to support the preparation of a turnkey hydropower plant in Saltinho, Guinea Bissau hydropower  The plant is expected to have a capacity of 20MW, said AfDB. The announcement was made on the sidelines of the Afr . . .

It’s no secret that Africa’s economic development has been stifled by the shortage of electricity across the continent. The Africa Progress Report 2015 puts theannual electricity-related economic loss at 2 percent to 4 percent of GDP. In Ghana and Tanzania, electricity shortages are cost . . .

 Timber firm- York Timbers, has announced plans to construct an electrical biomass power plant in South Africa  at its timber plant worth US $0.10bn.   This new power plant by the firm will deliver 25MW into the South African National grid thus giving the company some energy income . . .

 The construction of Chollet Hydropower Dam in Cameroon has received a new breath after the signing of a major agreement. Minister of Water Resources and Energy, Basile Atangana Kouna and the Minister of Energy and Hydraulics of the Republic of Congo, Henri Ossebi have signed agreements to spee . . .