African Business News

Developing nations need Sh13 trillion geothermal investment by 2030

Kenya and Turkey have exceeded forecasts for harnessing geothermal energy, but other developing countries, including Indonesia and the Philippines, are lagging behind on leveraging the renewable power source, a new analysis shows.

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Medupi coal unit fully operational

The first unit of the Medupi coal-fired power station entered full commercial operation and has been officially handed over to Eskom by contractors.

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Umeme to construct more substations

Umeme Ltd, the largest electricity distribution company in Uganda has embarked on a program of constructing power substations to reduce load shedding and power losses occurring due to transportation of power over long transmission lines.

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Nigeria: Govt Signs U.S.$237 Million World Bank Electricity Deal

Abuja — TO underscore commitment to the on going reform in the power sector, the Federal Government yesterday announced that it has completed the signing of the World Bank Partial Risk Guarantees (PRGs) in support of the 450 megawatts Azura-Edo Independent Power Plant (IPP).

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