Market News

 The slow pace with which renewable energy projects have been rolled out across Africa may prove to be an advantage in a few years. As they catch up, African countries could benefit from technological developments and falling costs of wind and solar power. Norman Ndaba, Power and Utilities Sec . . .

 Quantum Power Gas is enthusiastic in developing the Tema LNG importation storage, re-gasification and delivery facilities. The company is a subsidiary of Quantum power, a pan African energy and infrastructure industrial investment platform, and has signed a partnership agreement with Golar LNG . . .

 Two of America’s largest private equity firms are teaming up with West Africa’s largest industrial conglomerate, Dangote Industries, to invest in Africa.   According to a report by the Wall Street Journal, Black Rhino Group, a portfolio company of Blackstone Energy Partners . . .

  Tata Power is looking for expansion opportunities in East Africa. The private power utility has an installed generation capacity of more than 8,580 MW, with around 1,170 MW coming from clean energy sources. Tata Power, Chief — Business Development, India Business & Renewables, Rah . . .

The development of power infrastructure across East Africa — particularly in Uganda, Kenya, Tanzania, and Rwanda — plays a vital role in supporting the region’s economic expansion. Rapid urbanisation and industrial growth continue to drive electricity demand, with regional consumption projecte . . .