wiredinUSA March 2015

INDEX

Hubei power

Cable results

Cable in Ghana

As part of its first renewable energy tender, the country of Jordan has awarded 200MW to project developers, to include a 52.5MW solar photovoltaic project to be jointly developed by Qatar’s Nebras Power, Diamond Generating Europe (a subsidiary of Mitsubishi Corporation), and Jordan’s Kawar Group. The power purchased agreement for the 52.5MW Shams Ma’an project has been signed between project developers and the National Electric Power Company (Nepco) of Jordan. The Amman News Daily reports that the project will sell electricity at a tariff of $0.148 per kWh. Other solar power projects will sell electricity at $0.169 per kWh. Nebras and Diamond Generating will have a 35 percent stake each in the project, with Kawar Group holding a 30 percent stake. Debt financing for the project will be provided by Nippon Export and Investment Insurance, Mizuho Bank, Japan for International Cooperation, and Standard Chartered Bank. A total of 12 solar PV projects and two wind energy projects were allocated through this first tender. The power purchase agreements for the wind projects were signed at $0.12 per kWh. Jordan seeks renewables

Maashan town in central China’s Hubei province, known for its nuclear power plant and iron and steel mills, has connected a 100MW solar photovoltaic power plant to its local power grid. The PV project, the largest in Hubei, was completed in March and will generate around 120 million kWh of power a year. Local government hopes the project will spur the development of PV and new energy industries in the region, as well as help alleviate regular power shortages.

East African Cables, a manufacturer for the utility and telecoms industries, is to open an upgraded plant in Nairobi despite reporting a 13 percent fall in pre-tax profit. It will commission the modernized and expanded production plant in the first half of this year. In a statement, the company said: ”This provides additional capacity and flexibility to offer a wider product range and to cover the wider eastern and central Africa region.” Pre-tax profit fell to $5.5 million, East African Cables said, adding that lower margins in some of its markets had offset revenue growth, while revenue rose 13 percent as a result of higher volumes in new markets. Shares in the company rose nearly one percent, encouraged by revenue growth, an unchangeddividend, and the imminent opening of the expanded plant.

CEO of Reroy Cables Ltd, Mrs Kate Quartey-Papafio, has reiterated the company’s commitment to achieve high standards in quality product and service delivery. “Our products are produced according to the standards of the International Electro Technical Commission, enforced by the Ghana standards authority and approved by the energy commission of Ghana,” she said. In an interview with the Ghana News Agency, Mrs Quartey-Papafio, also the chairperson of Reroy Group, said every developing country needed power to thrive to a new level. She said the country needed people who can envisage the future as to the direction of the energy sector to address the power crisis in the country. Reroy Cables, a subsidiary of Reroy Group, has completed the construction of a newmanufacturing plant, the largest electrical cables manufacturing plant in the country, producing predominantly for the international and domestic markets.

ASIA / AFRICA NEWS

wiredInUSA - March 2015

wiredInUSA - March 2015

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