Siemens has signed a Memorandum of Understanding (MoU) with the Republic of Madagascar to identify measures for the country’s fast track power generation and to work towards increasing capacity by an additional 300MW by 2019
Energy
Ghana to use wave energy to solve electricity crisis
Ghana has entered into a partnership with Israeli company Yam Pro Energy to explore ways to use wave energy in order to meet energy supply crisis in the country
ICD and Alfa Solar Co. to part-fund the development, construction and operation of a 50MW solar PV project in Egypt
Alfa Solar has executed a power purchase agreement with the Egyptian Electricity Transmission Co. (EETC) in May 2017 and is working with ICD and EBRD to achieve financial close by October 2017
Bright future for Ugandan oil and gas sector, says Siemens
The International Monetary Fund recently stated that the oil reserves in Uganda may account for around four percent of the country’s economy annually in the next few years if managed well
ABB to acquire GE Industrial Solutions
ABB has announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business