Kuber Power Limited (KPL) and Nasarawa State Government have signed a power purchase agreement (PPA) with the aim of boosting power supply in the state. The PPA which was signed on May 8, 2018 in Lafia, Nasarawa State, is based on the Nigeria Electricity Regulatory Commission’s (NERC) Eligible Customer Policy which allows licensed generation company to access underserved customers and also promote the rapid expansion of power generation capacity. Under the PPA, Nasarawa State Government is expected to pay only N1.5 million to the Transmission Company of Nigeria (TCN) as a Market Operator. Read More

A Ghanaian-Indian collaboration has given birth to a new online business venture, Africakart.com. The two young men who teamed up to set up the business say they are very determined to build the company into a big brand. The Ghanaian, 37-year-old Theodore Lawson and the Indian, 26-year-old Rahul Kalra, say they are blazing the trail that most people their age would only dream of. They are not daunted because they are focused on building a business for themselves in this age that entrepreneurship has become the buzzword. The two young entrepreneurs believe that Africakart.com will become Africa’s biggest and most preferred Online place for smart family shopping with wings spread across the entire continent by 2025. Read More

Santerre Limited will help Ghana government develop a 200 MW combined-cycle thermal power plant, and the company will operate as an independent power producer (IPP). The project is expected to commence in 2015. The proposed plant will be located at the coastal town of Prampram. The latter is close to the industrial hub of Tema, which is a major port city in West Africa. The plant is also located near the new 330 kV Ghana Grid Company transmission line, the West African Gas Pipeline and the Tema Oil Refinery. The project will be developed in two phases. Each of the two phases will involve generation of 100 MW, and to be involved in the construction is the Santerre’s Ghanaian subsidiary SANTERRE ELECTRIC POWER COMPANY LIMITED (SEPCO). The subsidiary, according to reports, has already signed a Memorandum of Understanding with the state-owned Electricity Company of Ghana (ECG). Read More

International infrastructure Development Company SANTERRE Limited plans to invest US$300m in constructing a single-phase 200megawatt thermal power plant to help alleviate the ongoing power cuts and load management in the country. Construction works for the project, which will be spread across the company’s 33.5-acre project site in Prampram, is expected to take off from 2015 — and the entire plant will be built on a fast-track basis to meet the purpose for which it is being set up. Aside from easing pressure off the country’s energy sector, the combined investments of US$300m will create up to 1,000 jobs directly — with additional jobs during construction and indirectly in the supply chain. Read More