Market News

  • Kenya- Drilling On Longonot Geothermal Project to Start June 2018

    Posted on :Thursday , 1st February 2018

     African Geothermal International Limited (AGIL) is said to be planning to start drilling for its Longonot geothermal project this June.
     
    The company is linked to the Chairman of Kenya’s National Bank, Mohamed Hassan, who is the co-director of AGIL.
     
    This announcement comes after a delay of about 5 years.  Dril. . .

  • President Kenyatta Encourages More Private Sector Investment in Power Projects

    Posted on :Thursday , 1st February 2018

     The President, Uhuru Kenyatta said Africa has a huge potential for green energy generation and transmission that the private sector should take advantage of for good returns while at the same time boosting people's access to energy.

     
    President Kenyatta was speaking in Addis Ababa during a roundtable meeting as he wrapped up his official visit to Ethiopia that s. . .

  • Kenya Off-Grid Power Firms to Benefit From Sh10bn Fund

    Posted on :Wednesday , 17th January 2018

     Kenyan firms producing off-grid power will be able to acquire capital from a new Sh10.3 billion fund that is being set up by the African Development Bank (AfDB) and a group of international financial investors.

     
    The Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF), will provide local and hard currency loans to off-grid energy companies that . . .

  • Kenya- First Phase of Menengai Power Plant Almost Complete

    Posted on :Saturday , 2nd December 2017

     Johnson Nchoe, Geothermal Development Company CEO Engineer says the first phase of the new power plant in Menengai is in the last stages of development.
     
    In 2015, Kenya injected 280 mw of geothermal energy to the national grid pushing up the installed capacity to 2,327 MW. Geothermal now contributes about 50 percent of electricity in the energy mix, hydro 3. . .

  • Kenya- The Cheap Power Plans Going To Benefit Small Businesses

    Posted on :Saturday , 2nd December 2017

     Kenya Power has plans to connect small and medium enterprises to cheap power. The new power tariff, which large manufacturers have started enjoying, will reduce the cost of power by half when producing during off-peak hours. 

     
    The power retailer is expected to install smart meters on the premises of its SME customers, which will enable them to take advanta. . .

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