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Thermal power plant at night. [Courtesy]
COMESA region has reported a steady rise in the total installed power generation capacity, a joint committee meeting on transport and communications, information technology and energy heard on Monday.
A report presented at the 12th Joint COMESA Committee meeting, currently, the total installed power generation capacity in the region is estimated at 95,945 megawatts (MW) up from 65,791 megawatts in 2016 and 48,352 megawatts in 2012.
Thermal power generation dominates power generation accounting for about 78 percent of total installed capacity while hydro and renewable energy account for 17 per cent and 5 per cent respectively.
Assistant Secretary-General of COMESA, Kipyego Cheluget told the over 100 delegates comprising of technical experts from the Member States led by Principal Secretaries and their delegations, regional and international organisations, and cooperating partners that many Member States are now engag
AfDB bans Maxicare Nigeria Ltd for 36 months over fraudulent practices niyitabiti.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from niyitabiti.net Daily Mail and Mail on Sunday newspapers.
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The African Development Bank (AfDB) has moved to punish a Nigerian Company for being entangled in fraudulent practices, handing them a debarment of three years.
The affected company, Maxicare Company Nigeria Limited, a limited liability company registered with the Corporate Affairs Commission, got a 36-month debarment from the AfDB on April 28, 2021, effective February 23.
The AfDB debarment renders Maxicare Company Limited and its affiliates ineligible to participate in Bank Group-financed projects during the debarment period.
According to News Chronicle, the AfDB’s Office of Integrity and Anti-Corruption conducted an investigation, establishing that the Nigerian company engaged in collusive and fraudulent practices during a tender for the construction of weigh stations and supply of equipment under the Transport Facilitation Programme for the Bamenda-Mamfe-Abakaliki-Enugu Road Corridor connecting Cameroon and Nigeria.
Nigerian Company Incurs AfDB s Wrath for Fraudulent Practices, Blocked for 3 Years – The News Chronicle thenews-chronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews-chronicle.com Daily Mail and Mail on Sunday newspapers.