Market News| Africa Business News

Geothermal Energy At The Center Of Djibouti�s Renewable Transformation

Authorities in Djibouti are working to increase the share of renewables in the energy mix, with a particular focus on harnessing the country’s plentiful geothermal resources. In early August Djibouti’s Office of Development of Geothermal Energy inked a memorandum of understanding with Japanese conglomerate Toshiba to develop some 50 MW of geothermal energy projects across the country. Under the terms of the.... Read more »

Posted on : Monday , 24th October 2016

Eskom: South Africa well-equipped for nuclear energy

Eskom says South Africa is well-equipped to have nuclear power stations and has a nuclear safety culture, with Koeberg having operated safely for over 32 years. The power utility said on their website about two-thirds of the world’s population live in countries where nuclear power plants are an integral part of electricity production and industrial infrastructures. "The performance of the Koeberg power station.... Read more »

Posted on : Monday , 24th October 2016

Amaya Capital commits $300m in electricity generation

Amaya Capital, the African-focused principal investment firm, has announced an equity commitment of over $300 million in power generation platform. The new investment follows the acquisition by growth markets investor, Actis of American Capital Energy & Infrastructure’s stake in Azura Power Holdings Limited (Azura). The company said in a media statement that this transaction and the consequent expansion of.... Read more »

Posted on : Friday , 21st October 2016

The five biggest wind energy markets in Africa

The renewable energy market is steadily growing in an African continent that can pride itself to possess in abundance a good mix of resources – sun, water, biomass and wind. Although far less uniformly distributed than the well documented solar resources, Africa with a large coastline still has one of the best potential for wind power production. Over the last decade, there has been a gradual decrease of the cost of wind power.... Read more »

Posted on : Thursday , 20th October 2016

Chinese firm to build Sh2.6b power line to Tanzania

The Kenya Electricity Transmission Company has contracted Chinese firm North China Power Engineering Company to construct a 96 kilometre power transmission line running between Isinya and Namanga at a cost of Sh2.6 billion. This is part of the Kenya-Tanzania interconnector line that will hook Kenya’s national electricity grid to the Southern Africa Power Pool. The high voltage transmission line has a total length of 510km, of which.... Read more »

Posted on : Thursday , 20th October 2016

The rise of African renewable power

South Africa will lead the charge, as Sub-Saharan Africa’s renewable energy sector expands Energy supplied from renewable sources across Sub-Saharan Africa will soar by nearly 65% between now and 2040, reaching around 585m tonnes of oil equivalent, according to the International Energy Agency (IEA). The region's power sector will see rapid growth of renewables-based capacity, which will skyrocket from around 20.... Read more »

Posted on : Wednesday , 19th October 2016

Large Floating Power Plants Helping to Electrify Africa

A floating power plant isn't something you see every day. The massive ships look like plants you'd see on land complete with tall exhaust stacks—except these plants are bobbing in the ocean. They might look odd, but for people in growing economies around the world, the ships are a welcome sight. The floating power plants can dock in the harbor, crank up their turbines and start quickly generating electricity for customers on.... Read more »

Posted on : Tuesday , 18th October 2016

Rwanda: Public, Private Sector Partnership Key to Achieving Electrification Targets - Govt

The Ministry of Infrastructure (MINIFRA) has said partnership mechanisms between the public and private sectors will enable government to achieve the 2017/2018 electrification targets. The remarks were made yesterday following the signing of agreements between Energy Development Corporation ltd (EDCL) and 13 more companies to provide off grid solutions country wide. 2017/2018 government's electrification target is to make sure.... Read more »

Posted on : Tuesday , 18th October 2016

East Africa: Africa's Largest Wind Farm on Schedule for Completion In 2017

With 155 turbines of 365 turbines installed in the past six months, Lake Turkana Wind Power project has achieved a has achieved a new milestone well ahead of the completion deadline of next year. The 310 MW turbines, which are attached to 52 meter rotors are hoisted on towers stretching up to 44 meters high across the arid Sarima Village, in Marsabit County. Once completed, the project will be the largest wind farm in.... Read more »

Posted on : Tuesday , 18th October 2016

Lake Turkana wind power project in Kenya stays on track

As Mega wind farm in Kenya which is the Lake Turkana Wind Power Project- rises from the arid landscape of northwest Kenya’s Marsabit County,one thing is certain-the wind project will not only transform the country’s energy prospects but Africa’s energy landscape. Seen as a viable project, technology giant Google announced that it was buying 12.5 per cent stake of Africa’s largest wind farm that is the Lake.... Read more »

Posted on : Saturday , 15th October 2016

Dominovas Energy Advances Its Plans for Africa

Dominovas Energy Corporation (OTCQB: DNRG) today announces it has formally submitted a Request for Proposal (RFP) for the Ekurhuleni Energy Generation Program in Johannesburg, South Africa in an effort to be awarded a 20 megawatt (MW) Power Purchase Agreement (PPA) utilizing its RUBICON™ Solid Oxide Fuel Cell technology. This 20-year PPA was a collaborative submission by Dominovas Energy and its joint venture partner for the project.... Read more »

Posted on : Saturday , 15th October 2016

Kenya Power�s guidelines lures global brands

The pragmatic decision we took in early 2010 to buy 80 per cent of all equipment and materials needed for electricity distribution locally is paying off. It is good to note that a number of international companies dealing with manufacturing of meters, transformers, steel structures and prefabricated items have expressed interest in setting up local factories. Indeed, one manufacturer of meters has set up a plant. This is a clear.... Read more »

Posted on : Wednesday , 12th October 2016