Market News

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 . . .

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 implement . . .

 JOHANNESBURG - South Africa will announce a series of renewable energy projects on Monday that will add 1,000 megawatts (MW) of power into the country's constrained electricity grid. It is also committed to introducing renewable into its mix of power generation, 95 percent of which is coal at . . .

Nairobi — The Kenya Electricity Generating Company (KenGen) has connected the Olkaria I unit 5 to the national grid, paving the way for the completion of the 280 Megawatt geothermal power project. The unit, still being tested, is now feeding 52.5MW of electricity to the national grid and mark . . .

Nairobi — Power supply in Kakamega is expected to improve as Kenya Power conducts a massive operation this weekend to rehabilitate power equipment and network serving the County at a cost of Sh96 million.   Managing Director Ben Chumo says the exercise will ensure that the electricity n . . .