Market News

 Djibouti’s ministry of energy has signed an MoU with Shanghai Electric for the construction of a 60MW wind power project in the eastern African country   The Chinese mechanical and electrical equipment manufacturer will construct the project in two parts of 30MW each and the proje . . .

 Power solutions firm APR Energy has expanded its interim generation capacity for Societe Nationale d'Électricite du Senegal (Senelec), Senegal’s national electric utility   The requirements include installation and operation of an additional 48MW of mobile diesel-powered ge . . .

 The European Union (EU) has revealed plans to invest US$165mn in Nigeria’s power sector, in a bid to improve access to electricity in the country   According to an EU representative Peter Cameron, the organisation is keen on investing in the West African nation’s energy sect . . .

Edenville Energy (EDL) announced last week that it has held further meetings with Shandong Electric Power Construction No. 2 Company (SEPCO2) for the development of the Rukwa Coal Power Project in the South West Tanzania. Rukwa-Coal-power-plantThe project is in response to Tanzania’s needs fo . . .

Kenya is a model investment destination in Africa, founder and CEO of the Virgin Group Sir Richard Branson said Saturday. Sir Branson made the remark when he led a group of investors in talks with President Uhuru Kenyatta at his Harambee House office. The meeting explored how to make the most o . . .