Market News

    To realise these targets, the country requires adequate, reliable, affordable and environmentally friendly electricity supply.   According to REA Director General, Eng Lutengano Mwakahesya, the rural residents get connected by paying 27,000/- only and that the low cost is aime . . .

Mainstream Renewable Power has entered into a US$ 525m deal with Swiss wind farm developer, NEK Umwelttechnik that will see it purchase the 225MW Ayitepa Wind Farm, Ghana’s first utility-scale wind farm.   The agreement is expected to reach a financial close next year, while the wind fa . . .

Federal government has reached a memorandum of understanding with 3D Hitech System Ltd for construction of a gas power plant in Ajaokuta. It has also reached an MOU with T SEPCOIII Electric Power Construction Corporation and the CGC Nigeria Ltd for additional investment in power distribution and tra . . .

Angola will carry out five new hydroelectric projects to produce 7, 000MW of power. This is according to Angola’s agency for development of the middle Kwanza (Cuanza) River, which has also said that the new hydroelectric projects will be based along Kwanza River.   Lined up for construc . . .

Preliminary works on Isimba Hydropower Dam that will add 183MW of power into Uganda’s national grid kicked off last month, with construction works scheduled for three years. Construction of the Kayunga District-based dam will benefit from government’s counterpart funding of 15%, in addit . . .