Dominovas Energy Corp. (fka DNRG)

[Alinea818]

http://www.cnbcafrica.com/news/east-africa/2016/04/22/incomplete-works-delaying-east-africa-power-trading-project-(3)/

"Incomplete works delaying East Africa power trading project"


Dickson Kanakulya "It's because the cost of borrowing to fund such projects has tremendously increased. And many Western banks are less willing to lend African countries and infrastructure projects. Maybe the AIIB will fill that gap"




Rwanda, Uganda and Kenya will have to wait longer before they can trade in electricity due to delays in completing the needed infrastructure reads ‘The East African’.

Rwandan officials have said that contractors are yet to complete works on substations and high-voltage power lines that would facilitate the power trading plan, which is part of the Northern Corridor Infrastructure Projects. The three countries had proposed to start trading in power by 2015, a deadline that was pushed to April 2016.

But chief executive of Uganda Electricity Transmission Company Ltd Erias Kiyemba told The East African that the partner states will not meet the new deadline due to challenges such as delays by the contractor.

“We are behind schedule…. The transmission lines are not yet complete because of delays with the contractor, both on the Ugandan and Rwandan side,” said Kiyemba.

While Kigali has completed a high voltage — 220kv — interconnection electric grid transmission line to tap power from western Uganda, the Birembo/Shango sub-stations are behind schedule. “The Kagitumba-Mirama-Shango line was completed in October 2015,” a statement from Rwanda’s Ministry of East African Affairs notes. A source from the Ministry has said that they plan to complete the sub-stations by October 2016. “We experienced some delays in our Birembo /Shango sub-stations, but we are now at 80% complete,” he said. Kigali has asked Isolux Ingenieria, a Spain-based engineering firm contracted to build the power lines and sub-stations to expedite the project. However, the government official said that the firm, which also operates in the DRC and Tanzania, was overwhelmed.