Market News
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EU gives out Sh13.9 billion for geothermal generation
Posted on :Friday , 7th October 2016
The European Union has donated about Sh13.94 billion (123 million euros) for geothermal exploration in Kenya, head of European Investment Bank Catherine Collin has said.
Speaking yesterday during a site-visit to Olkaria VI in Naivasha , Collin said the bulk of the funds will expand the 70-megawatt project whose works are set to begin in January.&n. . .UK firms eye Sh64bn deals in green energy
Posted on :Friday , 7th October 2016
British investors are targeting projects worth about £500 million (Sh64.47 billion) in renewable energy sector, UK prime minister's trade envoy to Kenya and Tanzania Clive Hollick has said.
The projects are mainly in solar, wind and biomass power, areas where the country has underperformed.The investors include Nova Energy. . .Kenya Power changes tack in war on transformer vandals
Posted on :Wednesday , 5th October 2016
Kenya Power transformer suppliers will have to shift to converters that contain aluminium windings, as opposed to copper ones currently in use as the utility firm moves to tame vandals who have cost it dearly.
The electricity distributor says its suppliers will now be required to adhere to new guidelines to save the company from losses that it incurs on vandal. . .Kenya: Geothermal Development's Turn to Profit Tilts Energy Mix
Posted on :Monday , 3rd October 2016
The Geothermal Development Company (GDC) broke the loss making streak to post Sh1.6 billion net profit in the full year ending June 2015 after inking a deal to sell steam from its Olkaria wells to the government.
. . .Geothermal Development's turn to profit tilts energy mix
Posted on :Saturday , 1st October 2016
The Geothermal Development Company (GDC) broke the loss making streak to post Sh1.6 billion net profit in the full year ending June 2015 after inking a deal to sell steam from its Olkaria wells to the government.
The State-owned firm generated its first revenue of Sh2.5 billion in the period under review being earnings from sale of underground steam to the Ken. . .Please Select an Option
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