Market News
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Kenya Power Gets $190m Loan To Boost Local Energy Supply
Posted on :Thursday , 20th November 2014
Kenya Power and Lighting Company (KPLC) has secured a $190 million loan from Standard Chartered Bank to boost production as it seeks to meet the power demands of East Africa’s largest economy.
The loan will be used to upgrade the company’s transmission network to support the country’s ageing grid.“Kenya P. . .Tanzania: Over 1,000 to Access Power in Mbinga Next Year
Posted on :Wednesday , 12th November 2014
MORE than 1,100 people in Mbinga district, Ruvuma region, will be connected with electricity next year through the Rural Energy Agency (REA), Parliament was told on Tuesday.
This was said by Deputy Minister for Energy and Minerals, Charles Kitwanga, when responding to a question raised by Gaudence Kayombo (Mbinga North - CCM) who wanted to know about governmen. . .Dangote seeks license to build a coal power plant in Tanzania
Posted on :Monday , 10th November 2014
Africa’s richest man Aliko Dangote is seeking to be awarded a license for a 75 megawatt (MW) coal power plant in Tanzania.
Energy from the coal power plant will be used to power up the US$ 500m cement factory that is currently under construction in Mtwara Tanzania. The plant will also power the residential and commercial development complex around the fa. . .KEPCO to build a nuclear power plant in Egypt
Posted on :Monday , 10th November 2014
Korea Electric Power Corporation (KEPCO) has announced that South Korea has signed an MOU with Arab Contractors, the number one builders in Egypt’s construction industry, for the exporting of Korean nuclear power plant to Egypt.The Egyptian government plans to give public notice of an international bid for building a second new nuclear power plant at El-D. . .Tullow withdraws from Namibia Kudu gas power project
Posted on :Friday , 7th November 2014
Tullow has withdrawn from its full participation in the much-eyed Kudu gas-to-power project which is under development in Namibia. According to Namibia’s Mines and Energy Minister Isak Katali, the government has been informed by Nampa of the UK-based company’s withdrawal from the project due to financial problems.
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