Namibia will construct its largest gas power plant since independence in 15 months’ time, Xaris Holdings, a company managing the project has announced. The plant is estimated to cost 450 million US dollars.   Other companies involved in this mega project includes; General Electric, Excelerate Energy, Standard Bank, Garanti Koza, KS Energy and Ariya Capital Group.   The major power  plant to be constructed in.... Read more »

Posted on : Monday , 25th January 2016

 The construction of Batoka Hydro Power Plant in Zimbabwe is set to commence in 2017. The plant will be built on the Zambezi River along the Zimbabwe-Zambia border.   Zimbabwe’s Energy and Power Development Minister, Samuel Undenge, told journalists in Harare last week that the feasibility studies are expected to be completed by June this year.   “This is a joint project between Zimbabwe and Zambia and with the.... Read more »

Posted on : Friday , 22nd January 2016

Sweden and the United Kingdom have raised $67 million towards Tanzania's rural electrification programme.   'The main objective of the financing programme is to increase access to modern energy services in rural areas of mainland Tanzania for sustainable social economic development and poverty alleviation,' the official statement read sin part.   Sweden through the Swedish International Development Agency (Sida) together with the.... Read more »

Posted on : Wednesday , 20th January 2016

 World Bank group IFC has issued a green bond worth US$71mn for climate-friendly investments in emerging markets windenergy jimhammer flickrThe IFC bond will be used for investments in renewable energy and environment-friendly initiatives. The proceeds will be used to support investments in renewable energy, energy efficiency, and other areas that aim to reduce greenhouse emissions. The bond has been issued in South African currency or.... Read more »

Posted on : Saturday , 16th January 2016

 China has pledged to finance an electricity project in Ivory Coast with US$800m. The project involves the expansion of the country’s electrical grid with the aim of supplying electricity to 500 towns.   Ivory Coast on its part is expected provide additional sum of US$41m towards the funding of the power project. The government will be responsible for the installation of the 1,955km of high-tension lines as well as the.... Read more »

Posted on : Thursday , 14th January 2016

 The newly constructed AMERI power plant in Ghana which will be an emergency power plant is expected to commence commercial operations by February 2016, Energy Commission Board Chairman Dr. Kwame Ampofo has announced.   Accompanied by the Board Members of the Commission including Mr. Michael Opam, acting Executive Secretary, Dr. Rudith King, Mr. Stephen Duodu and Mr. Kobina Fosu, Mr Amopofo said the plant construction project during.... Read more »

Posted on : Thursday , 14th January 2016

 The department of energy has issued clarification to reports that the government and cabinet have made final the verdict to implement the nuclear build programme in South Africa.   In a statement, the department said the move to go ahead developing the nuclear new build programme was initiated by the cabinet in June 2015 prompting South Africa to proceed with developing a programme for the procurement of nuclear power plants worth.... Read more »

Posted on : Monday , 11th January 2016

 Russia’s national nuclear corporation Rosatom will commence the construction of first nuclear power plant in Egypt after signing an agreement. In the contract signed, the construction of the power plant in Egypt will begin early 2016. According to the press release given by the company the construction of the nuclear power plant will commence in the first quarter of 2016.   “The plan will be actualized after the contract.... Read more »

Posted on : Friday , 8th January 2016

The African Development Bank (AfDB) has approved $138 million in loans and grants to finance the Rusizi III hydropower plant project.   A statement from the AfDB indicates that the implementation of the project will be carried out at a total cost of $625.19 million. At least $138.88 million will be borne by the AfDB's public sector window and $50.22 million by the private sector window.   Rusizi III hydropower plant is part of the.... Read more »

Posted on : Tuesday , 5th January 2016

Uganda’s power utility company Umeme Limited is in the final stages of constructing a 40 MVA substation in the Namugongo township   The new facility will help reduce losses during the distribution of power and also provide stable power around Namanve, Kireka, Namugongo and Kyaliwajjala areas.   Project officials revealed that US$5mn was spent on constructing the power plant, while US$2mn was spent on feeder lines. Power from.... Read more »

Posted on : Tuesday , 29th December 2015

 K’s Energy Africa campaign and USA’s Power Africa initiative have decided to sign a partnership to aid Africa with power generation projects geothermal HaukurHerbertsson flickrHarnessing geothermal energy sources across Africa could help overcome electricity deficits. An MoU was signed between USA and UK at the United Nations Economic Commission for Africa (UNECA) and New Climate Economy event Climate Change in Africa:.... Read more »

Posted on : Monday , 28th December 2015

A number of French investments are lined up for Zimbabwe in 2016 with power giant, Schneider Electric, expected to enter the Zimbabwean market, French Ambassador to Zimbabwe Laurent Delahousse has said.   Delahousse told businessdigest in an exclusive interview this week that the firm, which already has a branch in South Africa , will open a branch in the country with a view to set up a manufacturing plant in the near.... Read more »

Posted on : Monday , 28th December 2015