Market News| Africa Business News

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

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