Market News| Africa Business News

Egbin Power Plc set to expand into Tanzania

Nigerian Energy company, Egbin Power Plc, is expanding and set to mark its new territory in Tanzania, by constructing a natural gas-fired power plant, Tanzania Daily News reports. Speaking to Tanzanian journalists, the firm’s Chief Executive Officer, Mr Dallas Peavey, said the construction of the plant is expected to commence anytime after the company, under Sahara Group, has inked the investment pact with the host.... Read more »

Posted on : Tuesday , 4th October 2016

Tanzania: Nigerian Firm Eyes 1.4trn/ - Power Project in Dar

Nigerian company, Egbin Power Plc, has expressed interest to invest 630 million US Dollars (about 1.4trn/-) in construction of a natural gasfired power plant in Tanzania. The major boost to the country's power generation is the newest public-private partnership project expected to turn around the energy sector in the East African nation. Speaking to Tanzanian journalists on a five-day tour of Nigeria yesterday, the firm's Chief.... Read more »

Posted on : Monday , 3rd October 2016

Kenya: Geothermal Development's Turn to Profit Tilts Energy Mix

The Geothermal Development Company (GDC) broke the loss making streak to post Sh1.6 billion net profit in the full year ending June 2015 after inking a deal to sell steam from its Olkaria wells to the government. The State-owned firm generated its first revenue of Sh2.5 billion in the period under review being earnings from sale of underground steam to the Kenya Electricity Generating (KenGen) Co to produce geothermal power. GDC sold.... Read more »

Posted on : Monday , 3rd October 2016

Rwanda: Adding 23mw to National Grid Tops Mininfra Priorities This Fiscal Year

Rwanda will have added 23 megawatts of electricity to the national electricity grid before the end of June, next year, while 88 per cent of the country's households will have access to clean drinking water by then. By then, construction of major infrastructure projects such as the planned Bugesera International Airport and some major roads will have also been launched, officials say. The targets were revealed, on Tuesday,.... Read more »

Posted on : Monday , 3rd October 2016

Tanzania: 8 Small Investors Generate 30mW

Dar es Salaam — Eight small-scale power projects (SPPs) have begun producing a total of 33.3MW in rural areas. The projects are in eight districts. The investors, with generated megawatts in brackets, are Tanganyika Plantation Company (20) in Kilimanjaro; Tanganyika Wattle Company (1.5) in Coast, Tulila Hydro-power (5) in Ruvuma, Iyovi Hydro-power (0.95) in Morogoro, Andoya Hydro-power (0.5) in Ruvuma, Darakuta Hydro-power.... Read more »

Posted on : Monday , 3rd October 2016

Tanzania: Nigerian Firm Eyes 1.4trn/ - Power Project in Dar

Lagos — Nigerian company, Egbin Power Plc, has expressed interest to invest 630 million US Dollars (about 1.4trn/-) in construction of a natural gasfired power plant in Tanzania. The major boost to the country's power generation is the newest public-private partnership project expected to turn around the energy sector in the East African nation. Speaking to Tanzanian journalists on a five-day tour of Nigeria.... Read more »

Posted on : Saturday , 1st October 2016

Geothermal Development's turn to profit tilts energy mix

The Geothermal Development Company (GDC) broke the loss making streak to post Sh1.6 billion net profit in the full year ending June 2015 after inking a deal to sell steam from its Olkaria wells to the government. The State-owned firm generated its first revenue of Sh2.5 billion in the period under review being earnings from sale of underground steam to the Kenya Electricity Generating (KenGen) Co to produce geothermal.... Read more »

Posted on : Saturday , 1st October 2016

Toshiba to partner with Ethiopian power utility on geothermal development

Eastern Africa remains an important market for Japanese turbine suppliers. Toshiba Corp. has now announced the signing of a partnership agreement with the Ethiopian power utility. This follows similar partnership arrangements with Uganda, Tanzania and Djibouti. The company signed a comprehensive partnership agreement with Ethiopian Electric Power, that will see the parties collaborate in geothermal power generation projects and.... Read more »

Posted on : Thursday , 29th September 2016

Kenya Power to put up sh300m to boost power supply in Wundanyi

Kenya Power is putting up a sh300 million substation at Wundanyi in a bid to reduce frequent power outages and improve quality delivery of services to its customers. KPLC Regional Manager Coast Hezikiah Mwalwala disclosed on Tuesday they had been allocated land by the Taita-Taveta County Government to put up the high powered voltage project in the area. "We have been allocated half-acre plot by the county administration.... Read more »

Posted on : Thursday , 29th September 2016

Babcock invests in fully automatic CNC bending machine for their high pressure pipe fabrication facility

challenges by delivering trusted solutions and investing in best in class technology. With boiler experience dating back to 1891, Babcock is Africa’s most established and experienced boiler supplier, and offers a full range of specialised support services to the power generation and related industries. The company recently invested in a new, fully automatic, CNC bending machine for its specialist manufacturing facility for steam.... Read more »

Posted on : Monday , 26th September 2016

Tehran, Nairobi Mull Energy Cooperation

Oil Minister Bijan Namdar Zanganeh said the implementation of the accord between Iran and major powers, formally called the Joint Comprehensive Plan of Action, has paved the way for promoting Tehran-Nairobi relations that are of high importance to Iran. Zanganeh made the statement after meeting Kenyan National Assembly Speaker Justin Muturi in Tehran on Sunday, Shana reported. "Expanding cooperation with Africa tops.... Read more »

Posted on : Monday , 26th September 2016

Rwanda to import power from Kenya, Ethiopia and host global energy summit

Efforts to increase power supply in Rwanda will see the country import 30 megawatts from Kenya, expected by end of 2016, and 400 megawatts from Ethiopia by 2018. The East African country is also looking to lure more investors during the forthcoming 3rd annual energy summit due to take place later this year in Kigali. According to Jean Bosco Mugiraneza, the chief Executive Officer, Rwanda Energy Group (REG), the 3rd.... Read more »

Posted on : Saturday , 24th September 2016