Market News Page No. 463| Africa Business News | Afrotrade

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Zimbabwe: Batoka Power Plant to Generate 2 400mw

Feasibility studies on the construction of the $3 billion Batoka Hydro Power plant on the Zambezi River by Zimbabwe and Zambia have shown that the project will generate 2 400 megawatts, up from the previously projected 1 600MW. Energy and Power Development Minister Dr Samuel Undenge said in an interview last Thursday that the two countries will share the power equally. Speaking to The Herald on the sidelines of the commissioning of a.... Read more »

Posted on : Tuesday , 18th August 2015

Kenya: Ngong Power Plant to Be Commissioned

Kengen will soon commission its expanded Ngong wind power plant to scale up contribution from renewable sources. The wind farm, which was put up in three phases near Nairobi, has been generating 5.5MW to the national grid. Speaking in Naivasha yesterday, Kengen CEO Albert Mugo did not give the exact date of the launch. He said wind generation constitutes one per cent of total generation. The Ngong phase II project, which started in 2009,.... Read more »

Posted on : Tuesday , 18th August 2015

Zuma Upbeat On Economy, Electricity Supply

Despite slow growth globally, local economic growth is expected to increase to at least 3% over the next three years, President Jacob Zuma said on Tuesday. "[This is] because we expect the electricity constraints to ease," he told reporters at the Union Buildings in Pretoria. It was estimated that the electricity shortage was costing the economy one percentage point in economic growth. "South Africa continues to be confronted.... Read more »

Posted on : Tuesday , 18th August 2015

Liberia: Hydrochina International to Invest in Energy Sector

Authorities of the Liberia Electricity Corporation (LEC) received a delegation from the HYDROCHINA INTERNATIONAL ENGINEERING CO., LTD., on Tuesday, August 4, 2015 as a follow up to a MOU signed between the LEC represented by its Chairman of the Board of Directors and the HYDROCHINA INTERNATIONAL ENGINEERING CO., LTD., on July 3, 2015 in the China. The meeting was centered on the HYDROCHINA's possible investment in Liberia's energy.... Read more »

Posted on : Tuesday , 18th August 2015

4 Tanzanian firms lined up for US power grant

Four Tanzanian companies are among 11 beneficiaries in Africa of one-million-US-dollar grant from the US President Baraka Obama’s Power Africa initiative to expand their renewable energy solutions to rural communities. Power Africa said in a statement that the beneficiaries in Tanzania include the Benedictine Sisters of St. Gertrud Convent in the Njombe Region who plan to connect villagers to low-cost, sustainable.... Read more »

Posted on : Monday , 17th August 2015

Private capital will end Africa power cuts by 2025, says survey

Power cuts in 15 Sub-Saharan African countries could become an “exception” rather than a norm in 10 years time, with private capital expected to play an increasingly bigger role, according to a survey by PricewaterhouseCoopers (PwC) released yesterday. The survey found that 96 per cent of the officials interviewed from Nigeria, South Africa, Zambia, Kenya, Mozambique, Botswana, Lesotho, Namibia, Uganda, Swaziland,.... Read more »

Posted on : Monday , 17th August 2015

Zarara Oil And Gas To Drill Well In Block L4 In Q2 2016

Zarara Oil and Gas plans to drill a well in Block L4 in 2016 after postponing its earlier planned date in 2015 according to a company representative who spoke to OilNews Kenya. With the postponement the company will be banking on the hope that the Ministry of Energy will be extending their license that expires this year. The delay could have arisen from the difficulty in raising money in the wake of the global oil prices.... Read more »

Posted on : Monday , 17th August 2015

Nigerian refinery to restart operations by month-end

Nigeria’s Kaduna Refining and Petrochemical Company (KRPC) has announced that its refinery would start operations by the end of August. Alhaji Saidu Aliyu Mohammed, managing director of KRPC, made the announcement while delivering an address at the opening ceremony of the Annual Energy Correspondents Workshop in Kano. Mohammed said, “Replacement of the weak segments of the pipeline is ongoing. The repair work is expected to be.... Read more »

Posted on : Monday , 17th August 2015

East Africa: Uhuru and Museveni Strike Deal On Route for Oil Pipeline

Kenya and neighbouring Uganda have agreed on the route of a planned US$4.5bn oil pipeline, the link that will transport crude from companies including Tullow Oil. The pipeline will pass through the Lokichar Basin in northern Kenya, Manoah Esipisu, spokesperson for Kenyan President Uhuru Kenyatta. The countries had also discussed building the link through southern Kenya and the capital Nairobi. The agreed design will be the cheapest to.... Read more »

Posted on : Monday , 17th August 2015

Two More Nigeria LNG Cargoes Bound for Spain

Two tankers carrying LNG from the Nigeria Liquefied Natural Gas (NLNG) are due to berth at Spanish regasification terminals today, according to ship tracking data. The 148,300 cu m LNG Imo vessel, according to PLATT, is due at Spain's 11.8 Bcm/year Cartagena terminal, while the LNG Ogun, with a capacity of 149,600 cu m, is expected at the seven Bcm/year Bilbao terminal. The Imo was last seen passing Gibraltar while the Ogun is currently sailing.... Read more »

Posted on : Monday , 17th August 2015

Kenya's First Oil Export Expected in October 2022

Kenya's push to start oil production by 2017 will be delayed by at least five years going by the detailed design and construction timeline for the proposed crude oil pipeline connecting Uganda and local oil fields to Lamu. The Toyota Tsusho design released yesterday shows that the flow of the first oil is expected in October 2022 at the earliest. This will come after the commissioning of the oil pipeline in the last quarter of.... Read more »

Posted on : Monday , 17th August 2015

DPR Begins Implementation of Gas Transportation Code

The Department of Petroleum Resources (DPR) has stated that it had commenced the implementation of Nigeria Gas Transportation Network Code (NGTNC). This is coming as the Nigeria Gas Company (NGC) has hinted that gas supply to power plants would increase to 800 million standard cubit feet by the end of 2016. The code ‎ NGTNC is a contractual framework between transporter (or network operator) and network users (known as shippers) that.... Read more »

Posted on : Monday , 17th August 2015

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