AFC announces $25m loan for Kenyan energy expansion

Posted on :Friday , 23rd January 2015

Multilateral development finance institution, the Africa Finance Corporation (AFC), would provide a $25-million loan, as part of a $150-million senior unsecured syndicated loan facility, to the Kenya Power and Lighting Company Limited (KPLC) to fund the rehabilitation and expansion of Kenya’s power transmission and distribution network.

In line with the Kenyan government’s p. . .

Grant to boost development of solar power and �mini grids� in Tanzania

Posted on :Wednesday , 21st January 2015

he Sustainable Energy Fund for Africa (Sefa) has approved a preparation grant for the development of a number of “solar-hybrid mini grids” in rural growth centres in Tanzania, the African Development Bank (AfDB) has announced.21 Jan 2015

Kenya seeks funds to grow power sector

Posted on :Wednesday , 21st January 2015

NAIROBI – KENYA requires $2 billion (Sh182,5 billion) to generate an additional 5 000 megawatts of electricity in two years.

The government would start initiating a proposed 960 MW coal power plant in Lamu before embarking on other power projects to produce 4040 MW to be added to the national grid.

 

This, according to experts will help boost economi. . .

Kenya: M-Kopa Solar Wins Sh133 Million Future Energy Prize

Posted on :Wednesday , 21st January 2015

A Kenyan green-energy company has become the first firm in Sub-Saharan to win the Zayed Future Energy prize in the enterprise and SME category.

M-KOPA Solar was announced the winner at the opening ceremony of the annual Abu Dhabi Sustainability Week. The Zayed Future Energy Prize brings with it a US$1.5 million (Ksh133 million) prize. M-KOPA Solar will use these funds to launch a traini. . .

Uganda: Germany to Fund Kabale Power Dam

Posted on :Wednesday , 21st January 2015

Germany is to fund construction of the proposed 6.5MW Maziba hydroelectric power dam in the western district of Kabale, Prime Minister Dr Ruhakana Rugunda has said.

Rugunda told residents of Kyanamira sub-county recently that a contractor had already been secured for the $12m (Shs 34bn) project on river Maziba, 10km east of Kabale town. A 1.6MW plant built at the site in 1966 was decomm. . .