Market News

 Uganda’s 600MW Karuma hydropower plant is set to commence the construction of transmission power lines; this is after intec – GOPA-International Energy, a German energy consulting company agreed on a US$ 6.3m consultancy services contract.   Funding for the construction of t . . .

 The 44 mega watt (MW) Muzizi Power Dam in Kibale District will finally be a reality soon following the signing of an agreement between the German Development Bank (KfW) and the Agency for French Development under which the two institutions will fund the project to the tune of €70m (about . . .

Nairobi — Vivo Energy Kenya, the company that distributes and markets Shell-branded fuels and lubricants, has sealed a mutual interest partnership with local diversified business group, Simba Corporation.   The deal will see Vivo access tailor made vehicle leasing solutions from Simba. . . .

Abuja — TO underscore commitment to the on going reform in the power sector, the Federal Government yesterday announced that it has completed the signing of the World Bank Partial Risk Guarantees (PRGs) in support of the 450 megawatts Azura-Edo Independent Power Plant (IPP).   The deal . . .

The largest hydropower plant in Ethiopia, Gilgel Gibe III, started trial electric power production on Tuesday (August 25, 2015), announced the Ministry of Water, Irrigation and Energy.   The dam begins trail production since it stored water that enables the production, Alemayehu Tegenu, Minis . . .