Market News
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Ethiopia s Gilgel Gibe Power Project To Kick Off In June
Posted on :Tuesday , 6th January 2015
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 began in 2008 and was to be fully functional three years later but it was delay. . .Tanzania Signs USD 1.2 Billion Power Connection Deal With Zambia And Kenya
Posted on :Wednesday , 31st December 2014
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-Tanzania (ZTK) power interconnector project is scheduled to be launched at the end o. . .Ghana devises plan to curb power crisis
Posted on :Monday , 29th December 2014
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 National Petroleum Corporation (GNPC) is working on a fall-back financing plan. . .East Africa speeds up energy projects
Posted on :Monday , 29th December 2014
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 remains a hurdle for investors.In the past two months, Rwanda, Tanzania and K. . .Kenya: Africa s largest wind power project achieves full financial close
Posted on :Monday , 29th December 2014
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 largest private investment in the history of Kenya and the most complex and challenging. . .Please Select an Option
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