Market News

 The Bagamoyo EcoEnergy project (BEE Project) north of Dar Es Salaam, the commercial capital of Tanzania is looking for new investors for the project. BEE project is a special purpose project aimed at developing a modern sugar cane plantation and factory producing sugar, ethanol and power for . . .

 Tanzania is at an advanced stage in plans for erecting a mega wind power project in Singida town by 2016. The construction is expected to cost more than US$132m for the first phase, and the wind farm will generate up to 50 MW of power to be channeled to the national grid.   National Dev . . .

 This was said in Dar es Salaam by the Principal Energy Officer, Mr Paul Kiwele, who represented Deputy Permanent Secretary in the Ministry of Energy and Minerals, at the launch of Rex Solar Energy’s 3G Solar Home System.   “The improved energy supply in the rural areas throu . . .

 World’s first submarine cable is set to be constructed in Angola across the South Atlantic with NEC Corporation as the system supplier.   According to Angola Cables S.A, a contract for the project that will see Angola and Brazil connected via cable has been signed.   This w . . .

Gigawatt global is set to spend about US$2billion in developing and pumping 1000Mw of solar power in Africa by 2020.   Dutch company Gigawatt has said the 1000MW power project will have its roots in East Africa where the largest photovoltaic field will be built in Rwanda. Burundi is one of th . . .