Market News

  • East African Energy sector boosted by recent positive global investments

    Posted on :Monday , 13th September 2021

    The East Africa region is increasingly becoming an area of interest in the eyes of international investors in energy projects from around the world. 

    The recent substantial FDI influx in the East African energy sector has re-ignited the global appetite resulting in the rising number of delegates exploring the region through channels like the . . .

  • Kenya To Gain From $94m EU Geothermal Power Fund

    Posted on :Tuesday , 24th August 2021

    Kenya is among countries set to benefit from €80 million ($94 million) funding from the European Union investment arm to increase geothermal power production.

     

    The European Investment Bank an investment arm of the EU approved the funding targeting private sector-led geothermal power projects in East Africa.

     

    The funding will benefit projects. . .

  • Kenya Aiming To Double Geothermal Capacity By 2030

    Posted on :Thursday , 22nd July 2021

    When Kenya opened the Olkaria power plant 4 decades ago, it was seen more as a research project than a commercial venture. The facility is located in Hell’s Gate National Park, a barren zone of volcanic rock that is permeated by sulphurous gases and is mainly populated by warthogs and zebras. The untested and costly geothermal technology was experimental at best, with the 1st. . .

  • Kenya: EPRA Develops Mini-Grid Regulations to Scale up Nationwide Access to Electricity

    Posted on :Monday , 19th July 2021

    The Energy and Petroleum Regulatory Authority through a statement said the process will assist in spurring investment in mini-grids in the country, to boost electrification in underserved areas distant from the main-grid.

     

    The authority said it will conduct a nationwide sensitization and consultative sessions before the next stages of validation.

     

    The 1st for. . .

  • Exploring Multi-Sectoral Uses of Minigrid Power for All in Kenya

    Posted on :Monday , 19th July 2021

    InfraCo Africa and Rural Village Energy Solutions are committing USD 8 million to support the scale-up of Kudura Power East Africa in rural Kenya.

     

    InfraCo Africa, which is part of the Private Infrastructure Development Group, will become a 40 per cent shareholder of minigrid operator Rural Village Energy Solutions’ Kudura Power East Africa.

     

    . . .

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