Market News

A government minister stated that Kenya intends to construct its first nuclear power plant by 2034 as the nation gets ready to host a nuclear energy summit between the United States and Africa. According to safety and environmental issues, the facility, which is planned to be built on the India . . .

Ethiopia's planned electricity exports to Tanzania, which will likely start next month, have the potential to revolutionize the energy industry. On August 23, 2024, Engineer Ashebir Balcha, CEO of Ethiopian Electric Power, made a widely described announcement stating that the first power transmissio . . .

The Julius Nyerere Hydroelectric Power Project (JNHPP) now produces 705 megawatts of power altogether thanks to the addition of three more hydro turbine generators that Egypt's Elsewedy Electric and The Arab Contractors jointly connected to Tanzania's national power grid. The achievement, which . . .

Rift Valley Energy is receiving $15 million in investment from British International Investment (BII), the financial branch of British diplomacy (RVE). The company, owned by Meridiam, constructs and manages wind farms to supply nearby electrical systems. The French investment company Meridiam, . . .

MOROGORO: Tanzania Electric Supply Company (TANESCO) and Rural Energy Agency (REA) have been instructed by Dr. Doto Biteko, the Minister for Energy and Deputy Prime Minister, to operate effectively and professionally in order to guarantee a dependable supply of energy to the general population. &nbs . . .