Market News

 First commercially viable biogas plant in South Africa has began operation supplying renewable energy to automotive manufacturer BMW.   A year ago,  energy company Bio2Watt and BMW SA signed a deal for power generation which saw the first power supply happen early October.   . . .

Information Technology giant Google has announced that it was buying 12.5 per cent stake in Africa’s largest wind farm that is the Lake Turkana Wind Power construction project in Kenya. The IT firm has agreed to purchase the stake in the wind farm project in Kenya from the project’s t . . .

 Lagos — STAKEHOLDERS from Nigeria government, utilities, consultants and investors will next month converge in Lagos to discuss the challenges of local markets, capacity building and investment in the regional power sector.   The summit will be held under the auspices of the West . . .

Dar es Salaam — The government has said it is optimistic it can close the deficit of 1,290 megawatts of electricity to achieve the goal of generating 2,780 MW by the end of next year   "What we must now do is find a means of generating the remaining 1,290MW so that we can reach that tar . . .

Zambia, Tanzania and Kenya are trying to find out how much electricity a planned high voltage power line linking them will deliver to each country as they prepare to launch the $1.4 billion project by 2018, Zambia's energy ministry said. The interconnection is intended to enhance power trade, sec . . .