Market News

 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 addr . . .

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 Understand . . .

 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 pro . . .

 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 . . .

 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 sign . . .