Market News

 Ethiopia’s Gilgel Gibe dam  project should be up and running by June this year, this is according to Azeb Asnake, CEO Ethiopian Electric Power Corporation.   The project will be carried out along Ethiopia’s Omo River and is worth $1.8 billion. Gilgel Gibe project has be . . .

The Governments of Tanzania, Zambia and Kenya have signed a Memorandum of Understanding (MoU) to fund a USD 1.2 billion power inter-connector project that will connect the Eastern African Power Pool (EAPP) to the Southern African Power Pool (SAPP). tanzania-kenya-zambia-power-gridThe Zambia-Kenya . . .

 GHANA is making frantic efforts to finance a plan aimed at paying for gas supplied to the Volta River Authority (VRA) and the power producers in the event of a cash fall, local daily newspaper reported. This is part of plans to avert rising power crisis. According to the publication, Ghana N . . .

 East African governments have doubled their efforts to increase energy output, with several multi-million dollar projects on the cards. The aim is to meet rising demand as well as attract more investments, after the 2014 World Bank Ease of Doing Business report noted that low energy output re . . .

Following the financial close of Lake Turkana Wind Power Project (LTWP), the first disbursement of funds pursuant to the financing agreements signed in March 2014 has been received. The Sh70 billion project is the largest single wind power project to be constructed in Africa and is to date, the lar . . .