Market News

The Gilgel Gibe III Hydropower project, constructed and situated on the Omo River in Ethiopia is expected to, once completed, generate 1 870 MW of power assisting in meeting the energy needs of those residing in Ethiopia and neighbouring countries. Construction of the 243m concrete dam began in 2008 . . .

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 . . .

 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 . . .

 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 ( . . .

 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. The region’s power sec . . .