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GE reaches MoU for $10 billion investment in Nigeria
- 2012-03-27 13:13:15
- Junior Isles
General Electric has agreed a memorandum of understanding with Nigeria for $10 billion of investment in new power plants, in which it will have a 10-15 per cent equity stake, a Nigerian power ministry spokesman has said.
Mozambique firm cuts power to Zimbabwe over $80 million debt
- 2012-03-16 05:56:23
- David Flin
Mozambique’s Hydro Caharo Bassa (HCB) has cut off electricity supplies to Zimbabwe over an outstanding $80 million debt. The move has forced Zimbabwe to intensify load shedding.
Belgian firm to supply Nigeria with gensets
- 2012-02-22 05:46:37
- David Flin
Europower of Belgium has announced that it has formed a strategic partnership with Sydney and Samuels International, a Nigerian IPP, to supply gensets to the Nigerian market.
US to explore Tanzanian investment opportunities
- 2012-02-05 21:14:19
- Junior Isles
On 8th February, executives of several leading US energy companies will travel to Tanzania for a two day visit in order to “explore opportunities for investing in power -generation and fuel -supply projects”, a State Department official has said.
Nigeria outlines future power plans
- 2012-01-31 17:41:57
- Junior Isles
Nigerian Government has said it will slow down its plan for establishing new power generating stations by 2014.
Goldwind taps into Chile wind market
- 2011-12-09 06:07:19
- David Flin
China’s Goldwind has announced that it has entered into an agreement to provide 23 low wind speed Permanent Magnet Direct Drive (PMDD) wind turbines to Mainstream Renewable Power for Mainstream Negrete project (phase one) in Chile.
Concentrated solar essential for EU energy mix
- 2011-11-17 19:22:02
- Junior Isles
A new study argues solar thermal power plants are an indispensable tool in the race to meet Europe’s energy demands and greenhouse gas reduction targets, according to the European scientific commission.
Medgrid pushes for Mediterranean grid
- 2011-10-28 07:15:22
- David Flin
At a conference hosted by Israel’s branch of CIGRE, the International Council on Large Electric Systems, there were discussions on developing by 2020 a €5-6 billion electrical super-grid running from Spain, into northern Africa, to the eastern Mediterranean, and then back into Europe via Turkey.
Executives reveal Power Grid Corp’s overseas power ambitions
- 2011-10-14 18:09:41
- Junior Isles
State-run power transmission utility Power Grid Corp. of India Ltd (PGCIL) plans to enter the power generation sector abroad as part of its diversification plans.
Nigeria considers energy reforms to boost investment
- 2011-10-07 17:39:24
- Junior Isles
Dr. Sam Amadi, Chairman of Nigeria Electricity Regulatory Commission (NERC), has expressed his regrets that despite considerable efforts to increase generation, the country has only been able to achieve a capacity of 4000 MW, when it actually needs over 20 000 MW.
