Market News
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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.
Kenya: Ngong Power Plant to Be Commissioned
Posted on :Tuesday , 18th August 2015
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 exact date of the launch.
He said wind generation constitutes one per cent of total ge. . .
Zuma Upbeat On Economy, Electricity Supply
Posted on :Tuesday , 18th August 2015
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 that the electricity shortage was costing the economy one percentage point . . .
Liberia: Hydrochina International to Invest in Energy Sector
Posted on :Tuesday , 18th August 2015
Authorities of the Liberia Electricity Corporation (LEC) received a delegation from the HYDROCHINA INTERNATIONAL ENGINEERING CO., LTD., on Tuesday, August 4, 2015 as a follow up to a MOU signed between the LEC represented by its Chairman of the Board of Directors and the HYDROCHINA INTERNATIONAL ENGINEERING CO., LTD., on July 3, 2015 in the China. The meeting was centered on the HYDROCHIN. . .
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