Market News| Africa Business News

A US 260m peat power plant to be constructed in Rwanda

The government of Rwanda is planning to construct a new US$ 260m peat-fueled power plant in Gisagara district, Rwanda to add up to 80 megawatts into its national grid. To be constructed in partnership with a Turkish company, Hakan, the new peat power plant will help address the country’s growing energy demands. The project is the second in the country after the Gishoma peat power plant that is nearing its completion and.... Read more »

Posted on : Monday , 29th September 2014

Two solar power plants to be constructed in Nigeria at US$106m

Two solar-powered plants are set to be constructed in Kumbotso, Kano state and Karu, Abuja state of Nigeria. The project will require US$106m to fund the construction, and each each solar power plant will give off 50MW. A consortium of international investors, Global Business Resource of USA this week submitted a proposal to the relevant Nigerian ministry, in which they also propose to carry out Geographic Information System (GIS).... Read more »

Posted on : Monday , 29th September 2014

Over US$ 1bn worth wind power plants to be completed in Egypt within 3 years

A network of wind power farms, with 600-megawatts will be set up in Egypt in three years. This is according to Egyptian Vice President Wael Hamdy. El Sewedy Electric, which is the company planning to build the farms, will start on measuring wind speeds, assessing key environments and carrying out topographic studies in relation to the wind power plants project. Elsewedy Electric was named on July as the winner of the state tender.... Read more »

Posted on : Monday , 22nd September 2014

Egypt to tender for 8Gw power generation projects

Egypt is planning to offer two tenders for projects that will see it add 8GW of coal power, wind and solar, according to Minister of Investment Ashraf Salman. The Minister said last week that two coal power plants will be constructed in the 2014/2015 fiscal year (as part of the overall plan), and will help the country meet the growing need for electricity. A power generation project relating to generating 4Gw of power.... Read more »

Posted on : Monday , 22nd September 2014

Zimbabwe to Get 1200MW Thermal Power Station

A 1200 MW thermal power station and a coal mine are set to be constructed in Western Zimbabwe, after three firms from China came up with the proposal. These projects will help cut down on power shortages in a country where only 1100MW of power is being produced at the moment. This is just half of what consumers really need. The three companies under the thermal power station deal are Shanghai Electric, Shenergy Co Ltd.... Read more »

Posted on : Monday , 22nd September 2014

Power sector investment ll hit $20bn in 2017 �NERC

Investment in electricity will average $20bn per annum in 2017, the Chief Executive Officer, Nigerian Electricity Regulatory Commission, Mr. Sam Amadi, has said. Amadi spoke at a seminar tagged, ‘Dividends of Privatisation of the Nigerian Power Sector’, organised by the financial services group of the Lagos Chamber of Commerce and Industry. Amadi, who was represented by the Head of NERC South West, Zonal Office, Mr..... Read more »

Posted on : Friday , 19th September 2014

New US$ 2.6bn Safi thermal power plant to be built in Morocco

All is set for construction of the to-be-largest ever thermal power in Morocco, Safi thermal power plant, after signing of investment contract relating to the setting up of the plant. The signing of the contracts was done in presence of Government Chief Abdelilah Benkirane in Rabat on Wednesday this week. Once completed, Safi thermal power plant will give off 1, 386MW of power and will be part of the government’s strategy to.... Read more »

Posted on : Friday , 19th September 2014

Egypt: Cabinet Decision Allows Renewable Energy Authority to Produce and Sell Electricity

Cairo — Egypt's cabinet amended on Wednesday the law governing the New and Renewable Energy Authority (NREA) to allow the authority to form companies to produce and sell electricity. The NREA works under the auspices of the ministry of electricity. It is concerned with carrying out projects for the production and use of renewable energy. As per the new amendment, the authority will now be capable of luring investors.... Read more »

Posted on : Thursday , 18th September 2014

Competition seen in power sector as TEM begins November

The transitional electricity market (TEM), a stage that will ensure accountability and boost further investment in the Nigerian electricity market is expected to come on stream in November, BusinessDay has learnt. It was gathered that the Nigerian Electricity Regulatory Commission (NERC) had in a meeting on Wednesday considered the launch of the TEM in about two months’ time. TEM represents the intermediate step to move the.... Read more »

Posted on : Wednesday , 17th September 2014

Kaduna DISCO to commission 3 injection substations

Kaduna Electricity Distribution Company (KEDC) is to commission three new injection sub-stations at the Nigerian Air Force Base, Mothercat and Hanwa in Zaria, Kaduna State, to improve power supply in the state, KEDC Chief Executive Officer, Alhaji Idris Mohammed, has disclosed. Speaking in Kaduna yesterday when he hosted the leadership of the Correspondents Chapel of the Nigerian Union of Journalists, Kaduna State chapter, led by its.... Read more »

Posted on : Wednesday , 17th September 2014

Nigeria: Access Expansion Drive - FG Leverages On Draft National Policy On Renewable Energy

The Minister of Power, Prof. Chinedu Nebo has disclosed that the proposed National Policy on Renewable Energy and energy efficiency has been conceived by Government to drive its quest for electricity expansion nation-wide. The Minister, who was represented by his Senior Special Assistant, Prof, Chidi Onyia, averred that the proposed policy framework that will drive renewable energy issues is a product that would be well accepted.... Read more »

Posted on : Monday , 15th September 2014

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