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wiredInUSA - March 2015
wiredInUSA - March 2015
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ASIA / AFRICA NEWS
INDEXMaashan 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.
Hubei power
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
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.
Cable in Ghana
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.
Cable results