Market News

 Lekela Power, a 60/40 joint venture between Actis and Mainstream Renewable Power, has signed memorandums of understanding (MOUs) with the New and Renewable Energy Authority (NREA) for a 50MW plant in Aswan, Egypt, and a 50MW wind power plant in the West Gulf of Suez.   Chris Antonopoulo . . .

 Siemens has signed its single biggest ever order – worth €8bn ($9bn) – to provide gas-fired plants and wind power installations to Egypt. The new projects will boost Egypt’s power generation capacity by more than 50 per cent and will add anSimens president Joe Kaeser ex . . .

 China is to build one of Africa’s largest solar power plants, an official has announced.   China’s ambassador to Kenya, Liu Xianfa, said on Friday that his country had signed an agreement to build the 50 MW project near the northeastern Kenyan city of Garissa. The project wi . . .

 According to environmental experts, the initiative could help cut government expenditure and also ease the pressure on the environment.   Steven Niyonzima, the national co-ordinator for the Rwanda Resource Efficient and Cleaner Production Centre, said the approach will promote green eco . . .

 GENERAL Electric (GE) is seeking to more than double revenue from Africa to as much as $10bn over the next five years as it targets power, health and locomotive opportunities in countries including Nigeria and Ethiopia.   "We’re bullish on Nigeria," GE’s president for transp . . .