Market News

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 millio . . .

GENERAL Electric has announced a partnership with Kipeto Energy Limited to build a new wind farm in Kenya’s Kajiado County. The local power deal caps off a successful run of more than $2,5 billion in booked orders on the Africa continent across transport, aviation, healthcare and energy sec . . .

 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 . . .