Market News
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Mainstream to acquire Ghana\'s first utility-scale wind farm
Posted on :Friday , 31st October 2014
Mainstream Renewable Power has entered into a US$ 525m deal with Swiss wind farm developer, NEK Umwelttechnik that will see it purchase the 225MW Ayitepa Wind Farm, Ghana’s first utility-scale wind farm.
The agreement is expected to reach a financial close next year, while the wind farm will start generating power by 2016. The two companies will, in the meanti. . .Nigeria\'s new gas power plant in Ajaokuta is underway
Posted on :Friday , 31st October 2014
Federal government has reached a memorandum of understanding with 3D Hitech System Ltd for construction of a gas power plant in Ajaokuta. It has also reached an MOU with T SEPCOIII Electric Power Construction Corporation and the CGC Nigeria Ltd for additional investment in power distribution and transmission in the country.
3D Hitech has already carried test running. . .
Angola to carry out five hydroelectric projects
Posted on :Saturday , 25th October 2014
Angola will carry out five new hydroelectric projects to produce 7, 000MW of power. This is according to Angola’s agency for development of the middle Kwanza (Cuanza) River, which has also said that the new hydroelectric projects will be based along Kwanza River.
Lined up for construction is five new dams, and the project will be part of the national program f. . .New US$ 57m Isimba Hydropower Dam in Uganda to be complete in 3 years
Posted on :Monday , 20th October 2014
Preliminary works on Isimba Hydropower Dam that will add 183MW of power into Uganda’s national grid kicked off last month, with construction works scheduled for three years. Construction of the Kayunga District-based dam will benefit from government’s counterpart funding of 15%, in addition to a low interest loan acquired by the Government of Uganda from Chinese government, through . . .
Al Nowais Investment to build Egypt s first coal-fired power plant
Posted on :Monday , 20th October 2014
Egypt’s first coal-fired power plant will be based in the Suez area, and will be constructed by Al Nowais Investments, a company based in Abu Dhabi. There are also reports to set up a jetty in the nearby so it will be possible to import coal required for the new coal-fired power plant.
The country has been facing severe problems in regard to power generation and it should b. . .Please Select an Option
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