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NACHTIGAL HYDROPOWER PLANT IN CAMEROON TO LIMIT CLIMATE CHANGE

Posted on by Gambeta News
NACHTIGAL HYDROPOWER PLANT IN CAMEROON TO LIMIT CLIMATE CHANGE

Nachtigal Hydropower Plant in Cameroon will help limit climate change. On the 31st of January 2019, the World Bank Group via World Bank Africa tweeted; that it supports the construction of the Nachtigal Hydropower plant in Cameroon. Derivatives from the tweet suggests that; the 420 mega watts (MW) Nachtigal Hydropower project which will be a source of clean power generation in Cameroon; will also help avoid 40 – 60 million tons of carbon-dioxide (CO2) emissions…

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WORLD’S LARGEST SOLAR PARK TO BE UNVEILED IN EGYPT

Posted on by Gambeta News
WORLD’S LARGEST SOLAR PARK TO BE UNVEILED IN EGYPT

Egypt to unveil world’s largest solar park/farm this year. By mid this year 2019, Egypt expects to unveil its Benban solar park; which covers a 37.2 km2 (14.4 sq mi) area and will produce more than 4TWh of power once fully operational. The park consists of 41 power plants/stations and about six(6) million solar panels. When completed, the Benban park will be the world’s largest solar park or farm. It is worthy to note that the world’s first solar thermal…

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IFC ANNOUNCED PLANS FOR US$653M SOLAR PROJECT IN EGYPT

Posted on by Gambeta News
IFC ANNOUNCED PLANS FOR US$653M SOLAR PROJECT IN EGYPT

International Finance Corporation partners with nine international banks to build Benban solar park which will be the largest solar park in the world. International Finance Corporation (IFC) which is a member of the World bank has announced plans to construct 13 solar power plant in Aswan, Egypt. The project which is expected to have 13 solar plant will be the largest solar park in the world after its completion. The fund was raised by IFC in collaboration…

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BMW SA GETS US$150M LOAN FROM IFC TO BUILD THE NEW BMW X3

Posted on by Gambeta News
BMW SA GETS US$150M LOAN FROM IFC TO BUILD THE NEW BMW X3

The $150 million loan comes as South Africa “seeks new sources of economic growth after a period of slowdown, driven in part by sluggish mining and manufacturing sectors”, according to  the IFC in a statement. The auto industry tends to be  South Africa’s largest manufacturing sector. “The country suffers from unemployment estimated at 27% overall and nearly 50% among youth.” Nonetheless, local content accounts, on average, for about one-third of each vehicle produced in South…

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