African Business News

Saudi Arabia, South Africa lead power generation construction in MEA

According to the new report from Timetric’s Construction Intelligence Center (CIC), the total value of the power generation construction projects pipeline in the Middle East and Africa stands at US$876.6 billion, with Saudi Arabia and South Africa accounting for the largest shares, with project pipelines valued at US$275.5 billion and US$167.4 billion, respectively.

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Turbine generators at Shiroro Hydro electric Power Station repaired

The Shiroro Hydro electric Power Station in Niger has repaired four of its turbine generators restoring the hydro power plant to full capacity to generate 600MW of power.

According Executive Vice Chairman of the power station Dr Olubunmi Peters, Shiroro Hydro electric Power Station has spent US$8.5m to repair the four faulted turbines.

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AfDB boosts Ethiopian power sector

African Development Bank (AfDB) has released US$104m to help boost Ethiopian power sector.

Ethiopia intends to escalate its electrification rate to 90% in order to, meet the growing power demand in the country by 2020. The country is in the process of constructing what would be the biggest hydroelectric dam in Africa-the Ethiopian Renaissance Dam.

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Gouda Wind Farm in South Africa wins major award

In 2015, Gouda Wind Farm in South Africa commence operation with a generating capacity of 423GW hours of power. The generating capacity is expected to power about 200,000 homes a year.

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