Dangote plans to generate 135 megawatts of electricity at the proposed plant out of which 46 megawatts will be consumed by its Obajana Cement plant in the central Nigerian state of Kogi. The remaining 89 megawatts will be sold to the national grid.
The regulator has granted 29 licenses to companies to produce power to boost generation to 6,000 megawatts by the end of this year and 10,000 megawatts by 2011.
Showing posts with label Electricity. Show all posts
Showing posts with label Electricity. Show all posts
Tuesday, November 24, 2009
Wednesday, February 11, 2009
South Africa's Treasury will provide electricity utility Eskom with loan guarantees of 175.97 billion rand
CAPE TOWN (Reuters) - South Africa's Treasury will provide electricity utility Eskom with loan guarantees of 175.97 billion rand over the next 5 years to help it raise funds for spending requirements.
The Treasury said in its 2009 Budget Review, released on Wednesday, that the guarantees were in addition to a 60 billion rand, three-year direct loan to the company announced last year.
Eskom , which is battling to meet growing demand, plans to spend 343 billion rand over five years to boost capacity but a global credit crisis had raised borrowing costs making it different for the company to raise finance.
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The Treasury said in its 2009 Budget Review, released on Wednesday, that the guarantees were in addition to a 60 billion rand, three-year direct loan to the company announced last year.
Eskom , which is battling to meet growing demand, plans to spend 343 billion rand over five years to boost capacity but a global credit crisis had raised borrowing costs making it different for the company to raise finance.
Read More
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