African Web platform aims to close funding gap for energy projects

Posted on :Thursday , 21st August 2014

 A new online platform is being launched in a bid to link developers of small-scale African energy projects directly with investors and technical advisers with the aim of accelerating the deployment of such projectsacross the continent.

Investors have growing role in developing East Africa\'s Energy Infrastructure

Posted on :Wednesday , 20th August 2014

 Development finance institutions (DFIs) remain the big beasts in developing infrastructure and other major projects in much of Africa. The ‘blending’ of public and private finance has become a preoccupation for traditional donors looking to leverage their grants and loans to produce bigger funding flows to kick-start the continent’s infrastructure revolution, to catch up. . .

Over 400,000 linked to power grid

Posted on :Wednesday , 20th August 2014

A total of 443,254 new customers were connected to the national electricity grid in the 2013/2014 financial year, the Energy ministry has told a parliamentary committee.

Kenya: Lake Turkana Wind Power signs financing agreements

Posted on :Tuesday , 19th August 2014

 After eight years in the pipeline, the 300MW Lake Turkana wind power project finally signed financing agreements worth €498m ($687m) on 24 March. The much-publicised project, described as the largest private investment in Kenyan history, has the support of a wide range of financiers, led by a r. . .

Kenya Power thinks big on electricity access

Posted on :Tuesday , 19th August 2014

Ministry of Energy and Petroleum cabinet secretary Davis Chirchir has said that negotiations with the African Development Bank (AfDB) for a KSh60bn ($680m) loan for a project to expand access to electricity from 32% to. . .