Market News

Egypt will get the first electricity supply from Dabaa nuclear power plant in 2024, the country’s prime minister Sherif Ismail has announced. He said that that the plant will run under acceptable environmental safety standards. He added that Dabaa residents will be relocated. The announc . . .

 Zambia has begun the construction of what it says is a major hydro-power project aimed at boosting the country’s electricity generation capacity.   The construction of 750 megawatts Kafue Gorge Lower Hydro-power project in Zambia begins following the signing of a memorandum of und . . .

Eskom has installed a R144 million transformer in Arconhoek in a bid to ensure reliable power supply to the communities in rural Bushbuckridge local municipality, Mpumalanga.   Eskom spokesperson, Khulu Phasiwe said the commissioning of a new transformer at the Acornhoek substation is part of . . .

Transnational Corporation of Nigeria Plc (Transcorp) yesterday announced the successful merger of its two power subsidiaries Transcorp Ughelli Power Ltd and Ughelli Power Plc. The merged companies are now a single entity called Transcorp Power Limited.   This is a significant milestone in the . . .

Dar es Salaam — Energy Access Ventures (EAV), a Paris-based investment firm that backs entrepreneurial companies that bring access to electricity in sub-Saharan Africa, has announced its inaugural $2 million investment in Off-Grid Electric (OGE) which has offices in San Francisco, California ( . . .