Market News| Africa Business News

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

Upbeat Paris climate talks will bear fruit in Africa

UN sponsored climate talks got underway in France’s capital Paris this week with Africa’s top climate change negotiators upbeat that they will get a legally binding agreement this year. Early ahead of the talks South African negotiators were not sure exactly how much money they want donors to put in to help developing countries adopt climate-friendly strategies. A spokesman for South African President Jacob.... Read more »

Posted on : Wednesday , 2nd December 2015

Dabaa power plant in Africa to generate electricity in 2024

Egypt will get the first electricity supply from Dabaa nuclear power plant in 2024, the country’s prime minister Sherif Ismail has announced. He said that that the plant will run under acceptable environmental safety standards. He added that Dabaa residents will be relocated. The announcement comes following an agreement that was signed on November between Russia’s state-owned nuclear firm Rosatom and Egypt on 19.... Read more »

Posted on : Tuesday , 1st December 2015

Construction of major hydro-power project in Africa launched

Zambia has begun the construction of what it says is a major hydro-power project aimed at boosting the country’s electricity generation capacity. The construction of 750 megawatts Kafue Gorge Lower Hydro-power project in Zambia begins following the signing of a memorandum of understanding between Zambia and China. The hydro-power project in Zambia, to be situated in the south of the country-about 90 kilometers from.... Read more »

Posted on : Tuesday , 1st December 2015

R144 Million Transformer Installed in Acornhoek

Eskom has installed a R144 million transformer in Arconhoek in a bid to ensure reliable power supply to the communities in rural Bushbuckridge local municipality, Mpumalanga. Eskom spokesperson, Khulu Phasiwe said the commissioning of a new transformer at the Acornhoek substation is part of the power utility's continuing drive to upgrade its electricity infrastructure. "The commissioning of this transformer forms part of.... Read more »

Posted on : Monday , 30th November 2015

Transcorp Ughelli Power Limited Becomes Transcorp Power Limited

Transnational Corporation of Nigeria Plc (Transcorp) yesterday announced the successful merger of its two power subsidiaries Transcorp Ughelli Power Ltd and Ughelli Power Plc. The merged companies are now a single entity called Transcorp Power Limited. This is a significant milestone in the corporate history of Transcorp. The merger was designed to harmonize the management and operations of Transcorp's power business for.... Read more »

Posted on : Monday , 30th November 2015

Paris Power Firm Comes Up With U.S.$2 Million Deal for Tanzania

Dar es Salaam — Energy Access Ventures (EAV), a Paris-based investment firm that backs entrepreneurial companies that bring access to electricity in sub-Saharan Africa, has announced its inaugural $2 million investment in Off-Grid Electric (OGE) which has offices in San Francisco, California (USA) and Arusha in Tanzania. OGE generates solar power and then distributes the electricity to rural households that are mostly far from the.... Read more »

Posted on : Monday , 30th November 2015

Investment decision on Africa�s Kudu power project mid-2016

A final investment decision is expected mid-2016 on Namibia’s Kudu gas-to-power project, which is expected to boost electricity security in the southwest African country power namibia DavidSeibold flickrOnce the power plant is built, it is expected to provide Namibia with 400MW of power. According to a senior official, the project, where costs have doubled to around US$2.3bn, will transfer gas from the offshore Kudu field to.... Read more »

Posted on : Monday , 30th November 2015