Power Nigeria Exhibition To Open This Week
Power Nigeria to provide platform for the latest product launches as power capacity in the country is set to increase to 135 GW by 2030
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Lagos, Nigeria, 26October, 2014:One of Nigeria’s leading power exhibition’s, dedicated to the burgeoning African power industry, opens in Lagos this week (28 October). The exhibition takes place following the Federal Government’s announcement that the country requires consistent investment in tothe power sector to ensure generation capacity of 135,000 megawatts (mw) is met by 2030.
Camac Energy Granted Clearance For Oil Exploration In Kenya
Johannesburg and New York-listed oil explorer, CAMAC Energy, on Wednesday said CAMAC Energy Kenya had granted seismic contracts for the acquisition of 2D seismic surveys on Block L1B onshore Kenya and Block L16 partly onshore and partly offshore Kenya.
Both deals are on condition of further negotiations and the official endorsement of a final settlement for the provision of seismic services, CAMAC said on Wednesday.
Read more: Camac Energy Granted Clearance For Oil Exploration In Kenya
Kenya on track to boost geothermal energy generation
Kenya has invited bids for construction of two new geothermal plants as part of the country's plan to boost electricity production by 5000MW in three years. The new plants, with a capacity of 60MW, will be completed by the end of 2014 and is part of several projects designed to tap into Kenya 10,000 MW geothermal power potential, according to Oxford Business Group's most recent economic update on energy.
Read more: Kenya on track to boost geothermal energy generation
Kenyan Coal Power Contract Raises Centum Stock
East African investment firm, Centum last week experienced a ground breaking increase in its share price, closing the week at Sh55.50 ($0.63).
The local investors bullish run came after the firm clinched a Sh184 billion ( contract to set up a 96MW coal plant in Lamu.
