Market News
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SWALA ENERGY GETS MINISTERIAL CONSENT FOR TANZANIA FARM-OUTS
Posted on :Thursday , 6th August 2015
Swala Energy Limited has reported that its subsidiary company Swala Oil and Gas (Tanzania) Plc has received a no objection notice from the Tanzanian Ministry of Energy and Mines to the farm-out of 50% of its interests in the Kilosa-Kilombero and Pangani licences to Tata Petrodyne Limited (TPL).
The consent from the Tanzanian Petroleum Development Corporation, the Ta. . .
TANESCO to ramp up electricity supply in Tanzania with US$ 4Bn investment
Posted on :Wednesday , 5th August 2015
The Tanzania Electric Supply Company Limited (TANESCO) which owns most of the electricity supply in Tanzania mainland which includes generating, transmitting and distributing facilities plans to spend more than US$ 4Bn in executing various projects for energy generation and gas production that will culminate in the production of 300-megawatt surplus.
Tan. . .
Grand Power Plan On Tanesco Cards
Posted on :Monday , 3rd August 2015
The Tanzania Electric Supply Company Limited (TANESCO) expects to use more than 4 billion US dollars in implementing various projects for generation, distribution and transmission of energy, including energy gas production projects that will help to produce a 300-megawatt surplus.
The national power utility firm is also expecting to change the vending system for its prepaid elect. . .
Cosatu Statement On the Introduction of Nuclear Energy
Posted on :Monday , 3rd August 2015
The Congress of South African Trade Unions (COSATU) has noted the plans to build 6 to 8 nuclear power stations. Reports indicate that the introduction of this technology will cost between 400 billion and 1 trillion rand to build. This large sum of money required for financing nuclear energy will come from the taxpayer.
COSATU wishes to reiterate the following concerns raised by its af. . .
Ackermans energy saving scheme a success
Posted on :Monday , 3rd August 2015
ACKERMANS, the South African-headquartered multinational retailer, is reveling in the success of its multi-million Rand project to reduce its energy footprint.
In 2013, the organisation, in partnership with UGU Engineering Solutions, embarked on Project Save Watts (SWATTS) at cost of R33,4 million and received a R15 million rebate from Eskom, the power utility.The. . .Please Select an Option
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