Market News

 Uganda's retail power distributor Umeme Power Company is reported to be investing US$24mn in automated meter-reading technology that uses smart meters to help it curb energy losses among large commercial consumers powerline- gyn9037According to Babungi, the ability to monitor customer consump . . .

 The Ugandan and two companies from Germany and France has signed a US$ 76m agreement that will see the construction of the Muzizi hydro-power project come to birth and help in providing power to more than 60,000 homes.   Germany Development Bank (KfW) and the French Development Agency a . . .

 Kenya and Turkey have exceeded forecasts for harnessing geothermal energy, but other developing countries, including Indonesia and the Philippines, are lagging behind on leveraging the renewable power source, a new analysis shows.   If developing nations are to carry out the planned exp . . .

 Germany has announced support for the renewable energy sector in Tunisia applauding the country for adopting the green energy.   According to German’s Parliamentary State Secretary to the German Federal Minister for Economic Co-operation and Development Thomas Silberhorn during hi . . .

 The construction of the Gilgel Gibe III hydro-electric dam in Ethiopia which is almost fully operational will bring an additional 1870MW to the national grid.   The US$ 1.8bn Gilgel Gibe III construction project which is the largest hydro-power plant in Ethiopia and one the biggest in A . . .