Market News

Dar es Salaam — The Rural Energy Agency (REA) has hinted that the availability of adequate fund and unwillingness of private sector to invest in off grid areas among major challenges towards improving access to electricity in rural communities writes EMMANUEL KISIMA. This was said by REA So . . .

Industries have embarked on energy audit to minimise electricity costs that account for between 15 and 40 per cent of total production overheads. The audit is a pre-requisite for industries to implement energy efficiency, but financing the exercise remains a big challenge. The Confederation of Tanz . . .

Nairobi -Kenya Power has signed contracts worth Sh3.2 billion with local firms to implement 12 substation upgrade projects in the country.   The deal will also involve the construction of additional 33 kV power distribution lines to meet growing demand for increasing number of customers. &nb . . .

 Tanzania is estimated to hold significant reserves of gas offshore, equating to approximately 55 trillion ft3 of recoverable resources. BG Group and Statoil are currently developing the country’s only proposed LNG liquefaction facility, which will be fed by gas sourced from Blocks 1 and . . .

 Global greenhouse gas emissions from the power sector are expected to peak in 2029 and then start falling, but will still be some way above levels needed to limit temperature rise, research showed on Tuesday.   Electricity generation worldwide is forecast to rise by 56 percent by 2040 a . . .