Market News| Africa Business News

Norwegian company to partner and invest in Africa's hydro power generation

The Genesis Energy Corporation have signed a Strategic Partnership contract with the SHP Malthe Winje a Norwegian Group company to offer a pioneering platform for multiple deployment on fast track basis of Modular Mini Hydro Power solutions that will provide power services for a reasonable short period of time to the nation of Nigeria and the Africa continent at large. This was revealed by Akinwole Omoboriowo, the Genesis Energy.... Read more »

Posted on : Friday , 3rd July 2015

Kenya: Self-sufficient in terms of electricity generation

Kenya electricity generation has received a boost after more than 280MW was added to the national grid last year, Kenya became self-sufficient in terms of power generation. “Kenya is now self-sufficient in terms of power generation after more than 280 MW was added to the grid last year from various geothermal projects,” said Kenya Power chief executive Ben Chumo. The ongoing geothermal projects have added so.... Read more »

Posted on : Thursday , 2nd July 2015

Tanzania Rural Power in Need of Private Cash

Dar es Salaam — The Rural Energy Agency (REA) has hinted that the availability of adequate fund and unwillingness of private sector to invest in off grid areas among major challenges towards improving access to electricity in rural communities writes EMMANUEL KISIMA. This was said by REA Solar Technology Specialist, Eng. Jones Olotu during the 2nd sub-Saharan Africa solar summit 2015 held in Dar es Salaam last week. He said the.... Read more »

Posted on : Tuesday , 30th June 2015

Tanzania: Industries on Energy Audit to Save Costs

Industries have embarked on energy audit to minimise electricity costs that account for between 15 and 40 per cent of total production overheads. The audit is a pre-requisite for industries to implement energy efficiency, but financing the exercise remains a big challenge. The Confederation of Tanzania Industry (CTI) backed the initiative through French aid agency--Sunref. CTI's Director of Policy and Advocacy, Mr Hussein Kamote, said.... Read more »

Posted on : Tuesday , 30th June 2015

Kenya Power in Sh3.2 Billion Substations Upgrade

Nairobi -Kenya Power has signed contracts worth Sh3.2 billion with local firms to implement 12 substation upgrade projects in the country. The deal will also involve the construction of additional 33 kV power distribution lines to meet growing demand for increasing number of customers. Kenya Power CEO Ben Chumo said the upgrade projects are expected to improve reliability, contribute to reduction of technical losses and provide.... Read more »

Posted on : Saturday , 27th June 2015

LNG to grow in Sub-Saharan Africa

Tanzania is estimated to hold significant reserves of gas offshore, equating to approximately 55 trillion ft3 of recoverable resources. BG Group and Statoil are currently developing the country’s only proposed LNG liquefaction facility, which will be fed by gas sourced from Blocks 1 and 2. The facility, which has an expected CAPEX of approximately US$30 billion, will comprise of at least two trains, each with a capacity of 5 million.... Read more »

Posted on : Friday , 26th June 2015

World Power Sector Emissions Seen Peaking in 2029 - Research

Global greenhouse gas emissions from the power sector are expected to peak in 2029 and then start falling, but will still be some way above levels needed to limit temperature rise, research showed on Tuesday. Electricity generation worldwide is forecast to rise by 56 percent by 2040 as economies develop and populations grow, which will hit a peak in power sector emissions of 15.3 gigatonnes in 2029 from 13.1 gigatonnes now, a.... Read more »

Posted on : Wednesday , 24th June 2015

West Africa plans regional power market

West Africa’s regional body will pool its resources to establish an electricity market to end the blackouts that have blighted its 15 member states for decades, Reuters reports. Heads of states who gathered for a meeting of the Economic Community of West African States agreed to develop a regional electricity market almost two decades after the plan was conceived, Etienne Bailly, project director at Transco CLSG said at a power.... Read more »

Posted on : Monday , 22nd June 2015

Lekela Power signs off on MOU for 50MW PV plant in Egypt

Lekela Power, a 60/40 joint venture between Actis and Mainstream Renewable Power, has signed memorandums of understanding (MOUs) with the New and Renewable Energy Authority (NREA) for a 50MW plant in Aswan, Egypt, and a 50MW wind power plant in the West Gulf of Suez. Chris Antonopoulos, CEO of Lekela Power, said: “We are pleased with the two MOUs, which mark an important step for Lekela Power and its partners. We have a.... Read more »

Posted on : Saturday , 20th June 2015

SIEMENS SIGNS $9BN DEAL WITH EGYPT

Siemens has signed its single biggest ever order – worth €8bn ($9bn) – to provide gas-fired plants and wind power installations to Egypt. The new projects will boost Egypt’s power generation capacity by more than 50 per cent and will add anSimens president Joe Kaeser extra 16.4 GW to Egypt’s grid. The deal was signed in Berlin and witnessed by Egyptian President Abdel Fattah El-Sisi and German.... Read more »

Posted on : Saturday , 20th June 2015

CHINA TO BUILD 50 MW SOLAR POWER PLANT IN KENYA

China is to build one of Africa’s largest solar power plants, an official has announced. China’s ambassador to Kenya, Liu Xianfa, said on Friday that his country had signed an agreement to build the 50 MW project near the northeastern Kenyan city of Garissa. The project will be financed by a loan from the China Import-Export Bank. "After extensive research and mutual exchanges between the two countries,.... Read more »

Posted on : Saturday , 20th June 2015

Rwanda Govt agencies tipped on how to use resources efficiently

According to environmental experts, the initiative could help cut government expenditure and also ease the pressure on the environment. Steven Niyonzima, the national co-ordinator for the Rwanda Resource Efficient and Cleaner Production Centre, said the approach will promote green economy initiatives besides supporting the environment and helping to avoid wastage in public institutions. Niyonzima was speaking during an.... Read more »

Posted on : Tuesday , 16th June 2015