Sudan signs memorandum of understanding with General Electric

Electricity production in Sudan is expected to increase in the coming years. This is apparent from a memorandum of understanding signed by the Sudanese Government and general electric. The result should be a 470 megawatt increase in installed capacity of power plants in Sudan.

General Electric said in a press statement that up to 600,000 households will connect to electricity. The American concern will be able to supply mobile turbines that can be installed in a matter of months. In addition, it will participate in the reconstruction of three existing power plants.

The American company also said it was exploring options for cooperation with the Sudanese government on other projects in areas such as health care, including modernization of radiology, cardiology and oncology, especially in the countryside.

For almost 30 years, there has been no major company that wants to invest in Sudan in any way,Sudanese Prime Minister Abdalla Hamdok said in a press statement. The memorandum does not contain details of the financial side of the planned projects. But the Sudanese government said Wednesday that it wants to increase the output of the El Fula power plant, in which it is expected to invest about $915 million.

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Gulf Brokers Ltd. Review

Comparing spreads, commissions, trading platforms, rules and reading dozens...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

US stocks rose slightly as the market continues to monitor developments in the Middle East

US stocks posted modest gains today, but uncertainty persists...

Yrefy Investment Review: High Fixed Returns, Private Student Loan Debt and the Risks Investors Should Know

Yrefy Investment is a private investment opportunity linked to Yrefy,...

Fidelity Total Market Index: Guide to the FSKAX Fund

Fidelity Total Market Index is one of the funds...

FX Junction: Where trading meets community

In today’s fast-paced financial markets, traders are seeking platforms...

Roth IRA: What It Is, How It Works and Why Investors Use It

A Roth IRA is a tax-advantaged individual retirement account used by...
spot_img

spot_imgspot_img