Market News

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 highest return, would seek to break the new ground by ma . . .

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 . . .

The Department of Energy in South Africa, has granted French electric utility company, GDF Suez as the preferred bidder in the latest round of its REIPPP programme for the 100MW Kathu Solar Park in the country’s North West province. Having been granted preferred bidder status, invites GDF Sue . . .

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 . . .

A much-delayed $1.8 billion dam project under construction along Ethiopia’s Omo river could begin generating power by June and be fully operational by early 2016, an official said on Thursday. Gilgel Gibe 3 will nearly double the country’s energy output, helping to resolve chronic power . . .