Market News

 An eight-megawatt power plant is to be built in Homa Bay County by a local firm using water hyacinth from Lake Victoria.   The company Homa Bay Biogas One Ltd is awaiting permission from the Energy Regulatory Commission (ERC) to move forward with the plant. The company hopes to utilize . . .

 Over the next three years, Kenya Power is targeting to increase its customers to 7.5 million, plans to commercialize its fiber optic cable to generate some of the cash to finance the power network expansion.   The total installed capacity currently stands at 2333MW bolstered by intense . . .

 Kenya has permitted the largest Chinese manufacturer of rock drilling equipment to build and explore geothermal power plants in the country.   Kaishan Group secured the contract to drill steam wells in the Suswa south-Magadi-Shompole steam fields, in Narok County.   The license t . . .

 An auctioning program is set to cut power costs for Kenyan consumers. Power in Kenya is currently provided by PV firms and this news of price cuts will no doubt please the Kenyan population.   The utility firm’s managing director, and CEO, Dr. Ken Tarus has predicted a decrease in . . .

 One million homes in Kenya and Uganda will gain access to electricity, thanks to a number of investors’ raisings Sh 8 billion in collaboration with the UK government to finance a new solar project.    Kenya based solar kit reseller, M-KOPA Solar announced that the initial pay . . .