Market News
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US$300mn risk cover secured for construction of a geothermal power plant in Kenya
Posted on :Thursday , 13th August 2015
The consoritum that is working on construction of a geothermal power plant in Kenya has secured a has secured a risk cover from a German reinsurer, Munich Re worth US$ 300mn that will eventually pave way for the funding of the well drilling.
The risk cover is meant to compensate investors in the Akiira One project in case the eight geothermal wells being drill. . .
Nigeria: Electricity Grid Maintains Rise, Now 4,662 Megawatts
Posted on :Monday , 10th August 2015
Electricity generation across the country has continued to maintain a continuous rise from 4,000megawatts just as it rose to 4,662mw on Wednesday.
Although the system began to rise in capacity from late June 2015, electricity customers across the 11 Distribution companies (Discos) had complained of not seeing a commensurate improvement in power supply hourly.. . .
Sudan: Energy Committee to Review Electricity Tariff
Posted on :Monday , 10th August 2015
Khartoum — The Chairwoman of the National Assembly Energy Committee, Committee, Dr. Hatat Ahmed Al-Mahi made it clear that the committee intends to conduct a comprehensive review of studies concerning electricity tariff in the coming period.
She told SUNA, Wednesday that the revision comes in the context of the Committee's concerns relating to revision of all . . ..jpg)
Tanzania To Develop First PV-Diesel Hybrid Minigrid In Lake Victoria
Posted on :Thursday , 6th August 2015
Tanzanian solar energy contractor Rex Investment Limited (Rex) has selected MRIGlobal to undertake the first PV-Diesel hybrid grid’s feasibility study and power generation pilot project in a remote island of Lake Victoria region where currently merely 1% of the population have access to electricity.MRIGlobal, an American non-profit organiza. . ..jpg)
Tanzania To Become ICT Hub In East And Central Africa
Posted on :Thursday , 6th August 2015
The Tanzania Telecommunications Company Limited (TTCL), in an event held in Dar es Salaam last week, announced that with the completion of the national fibre cable network and the official launch of the 100% national high-speed broadband coverage across Tanzania, it aims to make the country the Information and Communication Technology (ICT) hub in East and Central Africa.
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