Market News

Egypt’s first coal-fired power plant will be based in the Suez area, and will be constructed by Al Nowais Investments, a company based in Abu Dhabi. There are also reports to set up a jetty in the nearby so it will be possible to import coal required for the new coal-fired power plant. The . . .

Siemens will now supply electrical components for the Suez Thermal Power Plant in Egypt. The latter was supplied by East Delta Electricity Production Company’s (EDEPC). Siemens has also been tasked with the installation and commissioning of equipment supplied by this company. The 650MW Suez . . .

    Swala Energy Limited has announced a Share Purchase Plan to raise up to A$5.0 million (US $4.4 million) to fund additional near-term work on the Company’s Tanzanian and Kenyan licences, as well as for business development and general administrative purposes. The c(SPP) is to b . . .

Africa is to have the largest independent power plant built in the Sub-Saharan region, Ghana.  Cenpower Generation Limited has already signed an agreement for construction of Kpone Independent Power Plant (KIPP) in the Tema industrial zone at a cost of US$900m to finance the project. The Com . . .

    Five African countries will benefit from the Africa Biogas Partnership Programme (ABPP) that will see construction and installation of 100, 000 biogas plants by 2017. The program, a partnership between Hivos and SNV, will see about half a million populations in Ethiopia, Kenya, Ugand . . .