Market News

Khartoum — The Chairwoman of the National Assembly Energy Committee, Committee, Dr. Hatat Ahmed Al-Mahi made it clear that the committee intends to conduct a comprehensive review of studies concerning electricity tariff in the coming period.   She told SUNA, Wednesday that the revision . . .

Swala Energy Limited has reported that its subsidiary company Swala Oil and Gas (Tanzania) Plc has received a no objection notice from the Tanzanian Ministry of Energy and Mines to the farm-out of 50% of its interests in the Kilosa-Kilombero and Pangani licences to Tata Petrodyne Limited (TPL). &nb . . .

The Congress of South African Trade Unions (COSATU) has noted the plans to build 6 to 8 nuclear power stations. Reports indicate that the introduction of this technology will cost between 400 billion and 1 trillion rand to build. This large sum of money required for financing nuclear energy will com . . .

ACKERMANS, the South African-headquartered multinational retailer, is reveling in the success of its multi-million Rand project to reduce its energy footprint. In 2013, the organisation, in partnership with UGU Engineering Solutions, embarked on Project Save Watts (SWATTS) at cost of R33,4 millio . . .

GENERAL Electric has announced a partnership with Kipeto Energy Limited to build a new wind farm in Kenya’s Kajiado County. The local power deal caps off a successful run of more than $2,5 billion in booked orders on the Africa continent across transport, aviation, healthcare and energy sec . . .