A fund was launched to finance power production projects using thermal energy underground in countries of East Africa with a capital of $140m, according to the Africa-EU Commissioner for Energy and Infrastructure Elham Ibrahim.   Ibrahim explained that the fund’s capital consists of contributions from member countries, including some EU countries, worth $30m. Germany’s contributions are worth $20m, and England’s.... Read more »

Posted on : Friday , 11th March 2016

6 billion yen ($408 million) loan agreement to go towards building a 140 megawatt (MW) geothermal power plant that is expected to be operational within the next two years, the two governments said. Read more at: http://www.standardmedia.The plant, know as Olkaria V, will be built by Kenya Electricity Generating Company (KenGen), which has said it expects to begin construction in July, with the plant arriving on the grid by the end of 2018. The.... Read more »

Posted on : Thursday , 10th March 2016

South African President, Jacob Zuma has pledged that his government willingness to help Nigeria in the generation of electricity even as he declared that it can also assist in the exploration of solid minerals.   Zuma, who made the pledge while addressing to a joint session of the Nigerian National Assembly in company of President Muhammadu Buhari yesterday, said there is potential for greater business to business engagements between the.... Read more »

Posted on : Thursday , 10th March 2016

Pretoria — Government says it will keep the development of the energy sector high on its priority list as this is key to easing constraints to economic growth.   The Economic Sectors, Employment and Infrastructure Development cluster, chaired by Rural Development and Land Reform Minister Gugile Nkwinti, on Tuesday, briefed media to give an update on the implementation of the Nine Point Plan.   The plan, which was announced by.... Read more »

Posted on : Thursday , 10th March 2016

Energy is the central theme of the African Development Bank's 2016 Annual Meetings as well as its 2015 Annual Report. The theme, "Energy and Climate Change", underscores the importance the Bank attaches to energy, which the AfDB President, Akinwumi Adesina, describes as "the lifeblood of any society and the passport to economic transformation."   Thus, energy is at the top of the Bank's High 5 priorities - Light up and.... Read more »

Posted on : Thursday , 10th March 2016

The governments of Rwanda and Japan yesterday signed a financing agreement, worth $18.4 million (about Rwf14 billion), aimed at boosting electricity distribution networks in the City of Kigali.   The funds will specifically be injected in the construction of Ndera substation and the Murindi and Kabuga power-switching stations, both in Gasabo District, according to Claver Gatete, the minister for finance and economic planning.   The.... Read more »

Posted on : Thursday , 10th March 2016

Energy projects developer Intratrek Zimbabwe and its Indian technical partners last Friday signed a contract for construction of the long-awaited 30 megawatt Gairezi Hydro Power Project with Zimbabwe Power Company. The engineering, procurement and construction contract was signed between Intratrek and its Indian technical partners Angelique International, Bharat Heavy Electricals Limited and ZPC for a cost of $128 million.   The State.... Read more »

Posted on : Wednesday , 9th March 2016

PRESIDENT Edgar Lungu has commissioned the newly-constructed Itezhi-Tezhi Hydro-power Station with assurance that Government remains committed to mitigating the current power deficit caused by global and natural factors.   The 120 megawatts (MW) station was built at a cost of US$142 million.   Mr Lungu said despite some challenges the country was facing, the Patriotic Front (PF) administration was committed to making Zambia an.... Read more »

Posted on : Wednesday , 9th March 2016

The Gezhouba Group Corporation (CGGC), a Chinese base company specializing in the construction of hydroelectric power stations plans to construct two  hydroelectric power stations in Gabon.   Besides constructing 3 Gorges Dam in China, the power company is renowned corporation for constructing the largest hydroelectric dam in the world in terms of production capacity   The Chinese firm delegation have already met up with the.... Read more »

Posted on : Tuesday , 1st March 2016

Kenya has advised Zambian potential investors to take advatange of various investment opportunities in that country and gain access to the East African region.   Kenyan High Commissioner to Zambia, Sophy Kombe said her country had many investment opportunities which made it a good choice for settlement.   Ms Kombe said during the 15th anniversary celebrations of Davis and Shirtliff Limited in Lusaka at the weekend that investing in.... Read more »

Posted on : Monday , 29th February 2016

Egypt has opened talks with more than three energy companies based in UAE and Saudi Arabia aiming to counter the electricity crisis that the country now faces.   Currently the country has signed various project that will see it produce up to 6,750 MW, reports have shown.   According to reports the electricity talks valued at $7.5 billion, are at various stages of completion, and will finance the construction of three combined cycle.... Read more »

Posted on : Saturday , 27th February 2016

Kenya is constructing the largest water project in semi arid area that will supply water and electricity to millions of residents, Water Cabinet Secretary Eugene Wamalwa has announced.   Thwake Dam at the confluence of Thwake and Athi Rivers will supply water to over one million residents of Machakos, Makueni and Kitui counties as well as generate 20 megawatts of electricity to power Konza Tech City in Makueni County.   largest.... Read more »

Posted on : Saturday , 27th February 2016