Menengai geothermal to save nation Ksh 13 billion

Posted on :Friday , 16th January 2015

Kenya will save about Ksh 13 billion annually once the 105 MW geothermal power plants start to operate in Menengai, Nakuru by end of 2015. The project run by the Geothermal Development Company (GDC) has now awarded three IPPs land where they will put up power plants. The company is also constructing a major steam gathering pipeline that will distribute the steam from wells to turbines. “W. . .

Sh2bn to help boost power supply system

Posted on :Thursday , 15th January 2015

 Kenya Power has secured $25 million (Sh2.25 billion) funding from the Africa Finance Corporation.The money is part of a $150 million syndicated loan that the company is seeking to fund rehabilitation of its network ahead of absorption of extra 5,000 megawatts of power that are to be generated from the government’s plan to scale up power production by the end of next year.

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Centum to raise Sh39bn for Lamu coal power plant

Posted on :Thursday , 15th January 2015

 Investment firm Centum is set to raise at least Sh39 billion as its share for the $1.8 billion (Sh163 billion) Lamu Coal power plant which it is building in a joint consortium.Centum and Gulf Energy, another Kenyan firm, form part of a consortium that won the tender to build the 960 megawatt (MW) power. . .

Continued growth expected for East African transmission and distribution industry

Posted on :Tuesday , 13th January 2015

 Regional interconnections and oil discoveries are expected to drive the transmission and distribution industry’s (T&D’s) growth in East Africa, the second-fastest growing region in Africa, global growth consulting firm Frost & Sullivan said on Tuesday.

Kenya Power forecasts Kh15bn profit

Posted on :Tuesday , 13th January 2015

NAIROBI – KENYA Power, the energy utility, is convinced it will record a Sh15 billion pre-tax profit in the 2014/2015 financial year, a senior official has said.

The company, which in the past 22 years had not given its shareholders the . . .