Market News
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Kenya to Develop Africa s Largest Wind Project
Posted on :Friday , 19th December 2014
Kenya may soon be home to the largest wind project on the continent of Africa.
Danish wind company Vestas won a contract to provide 365 turbines for a 310 megawatt wind power project in Kenya. The Lake Turkana Wind Power project will be the largest of its kind in Africa, and is expected to generate 15-20 percent of Kenya’s electricity needs when completed. According to project dev. . .
Zambia, Kenya and Tanzania sign US$1.2bn MoU for power interconnectivity
Posted on :Friday , 19th December 2014
The governments of Zambia, Kenya and Tanzania have signed an MoU for US$1.2bn to for a power interconnector project between the three countries.
The upcoming project would link the Eastern African Power Pool with the Southern African Power Pool.
Christopher Yaluma, minister of mines, energy and water development in Zambia said the agreement signed would set out principles that. . .Kenya Power tenders for Sh10bn street lighting
Posted on :Friday , 19th December 2014
Kenya Power will Tuesday begin the search for suppliers of street lighting material, bringing a Sh10 billion project to light up Nairobi closer to reality.
The electricity distributor plans to install 54,029 street lights in several parts of the city. It has already received the first tranche of Sh381.2 million from the Treasury to kickstart the project.
“Currently, busi. . .Ormat Signs 25-Year Power Contract for Kenya Geothermal Project
Posted on :Friday , 19th December 2014
Ormat Technologies Inc. (ORA), a U.S. developer of geothermal energy, signed a 25-year agreement to supply Kenya Power & Lighting Co. with electricity from a 35-megawatt project.
Ormat’s majority-owned Kenya unit will build and operate the Menengai power plant, according to a statement today from the Reno, Nevada-based company. Construction is expected to begin after financing. . .
Kenya gets Sh12bn from AfDB for new power connections
Posted on :Friday , 19th December 2014
The African Development Bank (AfDB) will lend the Kenya Government Sh12.2 billion to help pay for more than 300,000 new electricity connections. This follows the signing of a loan agreement Thursday by Treasury secretary Henry Rotich and AfDB Regional Director Gabriel Negatu to finance the implementation of the ‘Last Mile Electricity Connectivity’ project.
President Uhuru Ke. . .
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