Market News

The Nigeria Minister for Power, Mohammed Wakil, has signed an agreement that will see construction of a new 260MW power plant in Ewekoro, Ogun state. The Minister has described the event as a milestone, and which underscores the need to fast track the nation’s ongoing privatization exercise de . . .

South Africa will be benefiting from power generated from a dam in the Democratic Republic of Congo (DRC), after the two sealed a purchase order for SA to buy electricity in six years time starting end of this month September.   In the agreement, it is expected that South Africa will play the . . .

Five African heads of states have jointly signed a grant with the European Union President, Jose Manuel Barroso, in New York, a grant that will seek to woo private investors into sustainable energy development. The beneficiaries include Rwanda, Cape Verde, Cote D ‘voire, Liberia and Togo. &nb . . .

South Africa is set to get a new nuclear power plant, following the signing of a cooperation deal with Russia recently. Both sides noted that the nuclear power plant will have a production capacity of up to 9.6 GW based on Russian Technology, by 2030. The announcement was made during an Internationa . . .

The government of Rwanda is planning to construct a new US$ 260m peat-fueled power plant in Gisagara district, Rwanda to add up to 80 megawatts into its national grid.   To be constructed in partnership with a Turkish company, Hakan, the new peat power plant will help address the country&rsqu . . .