World Business News

In West Africa, a Nigerian-based power generation company, Century Power has announced that it plans to construct a power plant in Nigeria that will produce 1,500MW of electricity, which will be fed into the nation’s power grid.

According to Media, the plant will be constructed in three stages at the Century Power Generation Plant in Okija, Anambra State, starting with 495MW, which is estimated to be finished in 2020.

Presently, the company’s managing director, Dr. Chukwueloka Umeh, contributed in a panel discussion held in the US, where he raised some of challenge facing the power sector in Nigeria.

Ethiopia is the 5th major investor in renewable energy in Africa at US $ 100 million, according to the Renewable, Global Status Report, according to Capital. South Africa leads in renewable energy investment followed by Morocco, the second major renewable energy investor at US$ 2 billion.

Kenya comes to third position with investments worth US $ 357 million and Uganda at US $ 134 million is fourth.

Ethiopia has more than half a million solar lighting systems and more than four million installed clean cooking stoves, making the nation among the top five in Africa when it comes to utilizing these technologies, according to the report.

Several African nations have augmented their policy commitment in the energy sector during 2015 and that has continued with all renewable power generating technologies being set up across the continent.

Uganda contractors have a reason to smile after the minister of Works and Transport Monica Azuba announced that they will be participating in the proposed Standard Gauge Railway (SGR) project.

According to Azuba she expects all the local content strategy to be used so that they can create more opportunities for them.

The New Horizons Energy Waste –to- energy plant, to be launched in Athlone by Western Cape Premier Helen Zille and Cape Town mayor Patricia de Lille, will manufacture bio-methane and carbon dioxide by the middle of the year.

It is anticipated to generate 80 full-time jobs and numerous hundred indirectly, and will guzzle 500t of waste daily – approximately 10% of Cape Town’s total.