Market News
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EU grants US$ 2.55bn for sustainable energy development in five Africa countries
Posted on :Monday , 29th September 2014
Five African heads of states have jointly signed a grant with the European Union President, Jose Manuel Barroso, in New York, a grant that will seek to woo private investors into sustainable energy development. The beneficiaries include Rwanda, Cape Verde, Cote D ‘voire, Liberia and Togo.
The grant portions to the five states will be managed by their respectiv. . .South Africa set to get a nuclear power plant funded by Russia
Posted on :Monday , 29th September 2014
South Africa is set to get a new nuclear power plant, following the signing of a cooperation deal with Russia recently. Both sides noted that the nuclear power plant will have a production capacity of up to 9.6 GW based on Russian Technology, by 2030. The announcement was made during an International Atomic Energy conference in Vienna this Monday.
The South African . . .
A US 260m peat power plant to be constructed in Rwanda
Posted on :Monday , 29th September 2014
The government of Rwanda is planning to construct a new US$ 260m peat-fueled power plant in Gisagara district, Rwanda to add up to 80 megawatts into its national grid.
To be constructed in partnership with a Turkish company, Hakan, the new peat power plant will help address the country’s growing energy demands.The project is the. . .Two solar power plants to be constructed in Nigeria at US$106m
Posted on :Monday , 29th September 2014
Two solar-powered plants are set to be constructed in Kumbotso, Kano state and Karu, Abuja state of Nigeria. The project will require US$106m to fund the construction, and each each solar power plant will give off 50MW.
A consortium of international investors, Global Business Resource of USA this week submitted a proposal to the relevant Nigerian ministry, in which . . ..jpg)
Over US$ 1bn worth wind power plants to be completed in Egypt within 3 years
Posted on :Monday , 22nd September 2014
A network of wind power farms, with 600-megawatts will be set up in Egypt in three years. This is according to Egyptian Vice President Wael Hamdy. El Sewedy Electric, which is the company planning to build the farms, will start on measuring wind speeds, assessing key environments and carrying out topographic studies in relation to the wind power plants project.
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