Market News
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Construction of nuclear plant in Ghana to wait for presidential nod
Posted on :Wednesday , 19th August 2015
The construction of a nuclear plant in Ghana depends on the Ghana Nuclear Regulatory Bill that is awaiting presidential assent.
The Bill when fully operational will establish the Ghana Nuclear Regulatory Authority with clear functions and responsibilities and to provide for the beneficial and peaceful uses of nuclear energy.The . . .
Construction of power projects in Tanzania set to start
Posted on :Tuesday , 18th August 2015
Construction of power projects in Tanzania is set to begin after 4 companies in the country were announced beneficiaries of US president Barrack Obama’s Power Africa initiative. The companies will eventually help in the expansion of renewable energy solution which targets rural areas.
The grants to construct the power projects in Tanzania which have been. . .
Nigeria: NERC, SON Sign Agreement On Safe, Reliable Electricity Usage
Posted on :Tuesday , 18th August 2015
Abuja — The Nigerian Electricity Regulatory Commission (NERC) has signed a fresh agreement with the Standards Organization of Nigeria (SON) to ensure strict adherence to safety and reliability standards in the generation, transmission, distribution and consumption of electricity in Nigeria.
NERC and SON signed the Memorandum of Understanding (MoU) to ensure that electricity gene. . .
Turkey to construct 370MW power plant in Ghana
Posted on :Tuesday , 18th August 2015
Turkey is set to construct 370MW power plant in Ghana after the country signed a 5years Power Purchasing Agreement (PPA) with Aksa Enerji, a Turkish based company.
However, the power plant is expected to be up and running by end of June next year. According to Aksa Enerji, the constructed plant will not only provide power, but also increase the operational profitability significantly.. . .
Zimbabwe: Batoka Power Plant to Generate 2 400mw
Posted on :Tuesday , 18th August 2015
Feasibility studies on the construction of the $3 billion Batoka Hydro Power plant on the Zambezi River by Zimbabwe and Zambia have shown that the project will generate 2 400 megawatts, up from the previously projected 1 600MW.
Energy and Power Development Minister Dr Samuel Undenge said in an interview last Thursday that the two countries will share the power equally.
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