Market News

Two solar-powered plants are set to be constructed in Kumbotso, Kano state and Karu, Abuja state of Nigeria. The project will require US$106m to fund the construction, and each each solar power plant will give off 50MW.   A consortium of international investors, Global Business Resource of US . . .

 A network of wind power farms, with 600-megawatts will be set up in Egypt in three years. This is according to Egyptian Vice President Wael Hamdy. El Sewedy Electric, which is the company planning to build the farms, will start on measuring wind speeds, assessing key environments and carrying . . .

    Egypt is planning to offer two tenders for projects that will see it add 8GW of coal power, wind and solar, according to Minister of Investment Ashraf Salman. The Minister said last week that two coal power plants will be constructed in the 2014/2015 fiscal year (as part of the overa . . .

    A 1200 MW thermal power station and a coal mine are set to be constructed in Western Zimbabwe, after three firms from China came up with the proposal. These projects will help cut down on power shortages in a country where only 1100MW of power is being produced at the moment. This is . . .

    Investment in electricity will average $20bn per annum in 2017, the Chief Executive Officer, Nigerian Electricity Regulatory Commission, Mr. Sam Amadi, has said. Amadi spoke at a seminar tagged, ‘Dividends of Privatisation of the Nigerian Power Sector’, organised by the . . .