Market News
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Tanzania secures $259 mln funding for power grid link with Kenya
Posted on :Tuesday , 11th October 2016
Tanzania has secured $258.82 million from the African Development Bank and the Japan International Cooperation Agency for a high voltage electricity line to connect its national power grid to Kenya's, its power utility said on Sunday.
The 400 kilovolt (kV) line will be completed within two years and is part of efforts to deepen integration between the two countries' economies, Tan. . .
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.
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