Market News| Africa Business News

Africa�s largest wind farm inaugurated

A 200MW wind farm in Egypt’s Gulf of El-Zayt, touted to be the largest in Africa, has been inaugurated wind CGPGrey flickrHundred turbines, each with a capacity of 20MW, have been installed in the wind farm. The wind farm cost US$359mn and has been financed by the European Union (EU), Germany’s KfW and the European Investment Bank (EIB). With a 100 turbines, the wind farm generate up to 800MW per year, which could aid.... Read more »

Posted on : Monday , 7th December 2015

Harnessing ocean power to provide heat and air conditioning

The Cape Town V&A Waterfront’s Silo District is recognised as one of the most advanced and environmentally-friendly developments, not just in South Africa but throughout the continent Evergreen chillerThe AquaEdge 23XRV chiller. The Silo District project is due for completion in 2017, once an additional four silo developments are fully-operational. A division of United Technologies Corp, heating and air-conditioning.... Read more »

Posted on : Monday , 7th December 2015

Orange and Engie to boost telecom network through optimised power grid in Africa

Orange and Engie have signed two deals to expand the electricity grid as well as optimise the power supply for the telecom infrastructure in Africa orangeengiepower nayukim flickrSmall scale electricity networks will be set up across Africa, said officials from Engie. For the supply of power, solar kits and small scale electricity networks will be set up. The service would be billed to customers through mobile networks,.... Read more »

Posted on : Monday , 7th December 2015

Tanzania: Wind Power to Give Singida City Status

Dar es Salaam — The envisaged Singida Wind Power project will roll the region's economic fortunes and turn the municipality into a city during the next few years, the project developers said yesterday. Singida Region is home to 1.37 million people, according to the 2012 Population Census, with the Singida Municipality alone having 150,000 people. Apart from population - which is mostly more than 300,000 for the.... Read more »

Posted on : Saturday , 5th December 2015

Kenya: Energy Stakeholders Convene in Nairobi for UN Backed Forum

Government representatives and the private sector from across East Africa are meeting in Nairobi for a conference on sustainable energy (SE4All forum) backed by the United Nations. The forum seeks to identify areas of potential collaboration by way of joint investments to implement national plans aimed at enhancing access to modern energy services. The meeting will also pursue ways of doubling contribution of renewable energy.... Read more »

Posted on : Saturday , 5th December 2015

Construction of Inga 3 hydroelectric project in Africa gets new impetus

The government now hopes to launch the construction of long-delayed Inga 3 hydroelectric project in DRC and hopes work can start by early 2017, the country’s prime minister has announced. Augustin Matata Ponyo told the media in London on the sidelines of an African investment conference in London that the construction OF 3 hydroelectric project in DRC is in very advanced stages and that the government was in the.... Read more »

Posted on : Saturday , 5th December 2015

DNV GL mapping wind potential in Africa

DNV GL has created prelimary wind atlases for Zambia, Tanzania and Maldives as part of a World Bank-funded energy management programme to encourage wind energy generation windenergy blickpixel pixabayThrough maps, DNV GL can provide investors with verifiable and tangible information on wind energy potential in the three African nations. The Energy Sector Management Assistance Programme (ESMAP) aims to reveal the extent of.... Read more »

Posted on : Friday , 4th December 2015

Isolux Corsan and Siemens to install HVDC equipment in East Africa

Spanish energy solutions firm Isolux Corsan has been chosen to design, build and install high voltage direct current (HVDC) equipment between Ethiopia and Kenya for US$450mn highvoltageline succo pixabayThe HVDC will provide a stable power connection to electrical grids in both countries. Isolux Corsan is working in collaboration with German company Siemens to provide a reliable power connection to electrical grids in both.... Read more »

Posted on : Friday , 4th December 2015

Russia offers loan for nuclear power plant construction in Africa

Russia has agreed to fund the first ever nuclear power plant in Egypt by extending a loan of $25b towards the construction of the plant. The nuclear power plant in Egypt is being constructed by Rosatom Russia’s state owned company. This will be one of the largest project being funded by Russia. Upon completion the construction project is expected to help meet the country’s increasing energy demand. The loan.... Read more »

Posted on : Thursday , 3rd December 2015

Construction of a major thermal power plant in Africa nears completion

Energy Minister for Zambia Dora Siliya has announced that the construction of the 300 megawatts thermal power plant in the country is almost complete. The minister revealed that 83% of the construction work has been done. She was speaking after touring the construction site for the power plant. She said that the thermal power plant in Zambia will boost the country’s power generation capacity. Ms Siliya said that the.... Read more »

Posted on : Thursday , 3rd December 2015

Zambia Launches Construction of China-Aided Hydro-Power Project

Zambia launched the construction of a China-aided major hydro-power project on Saturday, which will go a long way in boosting the country's electricity generation capacity. The launch came after the signing of a memorandum of understanding by the two governments for the commencement works on the development of the 750 megawatts Kafue Gorge Lower Hydro-power project last month. The hydropower plant - to be situated in southern.... Read more »

Posted on : Wednesday , 2nd December 2015

Emergency Power Generation Earns Kengen Sh24.9 Million

Kenya Electricity Generating Company (KenGen) earned Sh24.9 million for managing the most expensive form of energy in the country during the year to June 30. The revenue is disclosed in KenGen's annual report for the period which also shows that the company earned Sh33.7 million for a similar activity last year. According to KenGen's managing director Albert Mugo, the money was paid to KenGen for its role in assisting UK's.... Read more »

Posted on : Wednesday , 2nd December 2015