Market News| Africa Business News

Ethiopia: Geothermal Plant to Be Operational in April - Ministry

Ethiopia is striving for the operation of the Aluto-Langano geothermal power plant with installed capacity of 70mw power in this fiscal year, the Ministry of Water, Irrigation and Energy said. Energy Study and Development Follow-up Director, Gosaye Mengistie said over 78 percent of construction of the geothermal plant has so far been finalized. It is expected that the plant will commence operation in.... Read more »

Posted on : Monday , 15th September 2014

US$ 533m Kariba power project in Zimbabwe kicks off

The Kariba power project in Zimbabwe kicked off officially with President Mugabe commissioning on 4th of September; the project is estimated to cost US$533 million and is expected to generate an additional 300MW by 2017. Speaking soon after the groundbreaking ceremony, President Mugabe said he was happy that the Kariba power project had begun to take shape. The project had been on the cards for years, with its implementation.... Read more »

Posted on : Thursday , 11th September 2014

US$ 374m Kpone Independent Power Project in Ghana to be undertaken by Group Five

Group Five, a South African firm, has worn a project for designing and construction of a 350Mw gas and oil-fired power plant in Ghana. According to a Group Five spokesman, the Kpone Independent Power Project contract will run for three years in order to see through the construction of the plant located in the Kpone municipality. The notice to proceed with construction of the Kpone power plant is expected once the commercial and.... Read more »

Posted on : Thursday , 11th September 2014

Rukwa coal mine confirmed as suitable power station fuel source

Preliminary economic and technical evaluations of mineral exploration and development company Kibo Mining’s Rukwa Coal to Power project, in Tanzania, have confirmed the Rukwa mine as a suitable fuel source for a 300 MW mine-mouth coal-fired power station. Kibo said on Tuesday that the indicative life-of-plant for the Rukwa power station required 28.8-million tons of coal over 20 years, which amounted to only 48% of the current.... Read more »

Posted on : Wednesday , 10th September 2014

Zimbabwe: Power Generation Improves - Murerwa

Daily power generation in Zimbabwe has improved from an average of 1 200 MW to 1 400 MW following refurbishment of power stations, an official has said. Zimbabwe is currently facing power shortages as national demand at peak periods is estimated at 2 200 MW. Demand far outweighs present generation capacity resulting in the shortfall being imported from regional power utilities. Zesa Holdings board chairperson Dr.... Read more »

Posted on : Wednesday , 10th September 2014

Africa Can Become Important Power Production Source - Official

Luanda — Africa is one of the regions of the world with major unexplored energetic reserves, which expands its chances to become one of the main energy producers. This was said Tuesday in Luanda by the CEO of the National Electricity Company (ENE), José Carlos, while addressing the opening of the 18th Congress of the African Electricity Companies. Jose Carlos said the challenges facing the continent in the.... Read more »

Posted on : Wednesday , 10th September 2014

Brazilian Firm To Build 700 Megawatt Plant In Nigeria

Nigeria has reached an agreement with Brazilian firm, Benco Energy limited, for the construction of a 700MW combined cycle power generating plant in Bayelsa state, Southern Nigeria. The Nigerian Minister of Power, Prof Chinedu Nebo explained, at the signing of the Memorandum of Understanding (MoU), that the plant was part of an earlier agreement with Brazil which afforded interested Brazilian power firms an opportunity to invest in.... Read more »

Posted on : Tuesday , 9th September 2014

FG sets aside N200bn for power sector liabilities

The Federal Government has set aside N200bn for the payment of outstanding market liabilities and financial obligations in the power sector. The Chairman, Presidential Task Force on Power, Mr. Reynolds Dagogo-Jack, said this in Uyo, Akwa Ibom on Friday while on an inspection tour of power projects in the state as well as Cross River State. A statement issued by PTFP in Abuja on Sunday did not give details of the use of the fund, but.... Read more »

Posted on : Monday , 8th September 2014

US$250m Ressano Garcia power station in Mozambique inagurated

President Armando Guebuza has inaugurated the Ressano Garcia power station located on the border with South Africa. The Ressano Garcia power station will generate a total of 180 megawatts. The gas is treated by SASOL, South African petro-chemical giant, before being taken to the plant via a pipeline. The gas pipeline measuring 614 kilometre long starts from the Pande and Temane gas fields in Inhambane province. The.... Read more »

Posted on : Monday , 8th September 2014

Zimbabwe: Power Project Cost Raises Suspicion

FORMER Energy minister Elton Mangoma yesterday questioned the US$533 million Kariba South Power Station extension project launched by President Robert Mugabe last week, saying there was serious suspicion of inflation of prices and looting by officials involved. "Initially when we signed, the total cost for the project was US$370 million, now they are talking of US$530 something million. They now want to steal the money. The.... Read more »

Posted on : Monday , 8th September 2014

South Africa: Eskom Signs Koeberg Steam Generators Contract

Power parastatal Eskom has signed a contract that will see the replacement of steam generators at the Koeberg nuclear power plant, it confirmed. "Eskom is pleased to announce that the contract between it and Areva NP was signed on Friday," said Eskom on Saturday. The signing of the contract comes as Westinghouse Electric, a manufacturing company, withdrew its high court application to interdict Eskom..... Read more »

Posted on : Monday , 8th September 2014

Continued growth expected for East African transmission and distribution industry

Regional interconnections and oil discoveries are expected to drive the transmission and distribution industry’s (T&D’s) growth in East Africa, the second-fastest growing region in Africa, global growth consulting firm Frost & Sullivan said on Tuesday.The region’s power sector was currently highly underdeveloped and had the lowest electricity access rate on the continent, the firm stated while highlighting that East.... Read more »

Posted on : Saturday , 6th September 2014