Market News

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. N . . .

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 wil . . .

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 inte . . .

 Kengen will soon commission its expanded Ngong wind power plant to scale up contribution from renewable sources. The wind farm, which was put up in three phases near Nairobi, has been generating 5.5MW to the national grid. Speaking in Naivasha yesterday, Kengen CEO Albert Mugo did not give the . . .

Despite slow growth globally, local economic growth is expected to increase to at least 3% over the next three years, President Jacob Zuma said on Tuesday. "[This is] because we expect the electricity constraints to ease," he told reporters at the Union Buildings in Pretoria. It was estimated tha . . .