Market News

 Kenyan firms producing off-grid power will be able to acquire capital from a new Sh10.3 billion fund that is being set up by the African Development Bank (AfDB) and a group of international financial investors.   The Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF), . . .

 Johnson Nchoe, Geothermal Development Company CEO Engineer says the first phase of the new power plant in Menengai is in the last stages of development.   In 2015, Kenya injected 280 mw of geothermal energy to the national grid pushing up the installed capacity to 2,327 MW. Geothermal n . . .

 Kenya Power has plans to connect small and medium enterprises to cheap power. The new power tariff, which large manufacturers have started enjoying, will reduce the cost of power by half when producing during off-peak hours.    The power retailer is expected to install smart meters . . .

 Later this month, Kenya’s ministry of energy and petroleum will hold a two-day forum in Nairobi to discuss investment opportunities in the energy sector across the East African region.   The meeting which will be held from the 29th to 30th will be organized by Future Energy East A . . .

 Next month Kenya will cut tariffs for power by up to a third for manufacturers and large businesses that shift their operations to late night hours.   The Energy Regulatory Commission (ERC) said on December 1 discounted tariffs will be offered for industrial and commercial power users w . . .