Market News
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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. . ..jpg)
Kenya Power to put up sh300m to boost power supply in Wundanyi
Posted on :Thursday , 29th September 2016
Kenya Power is putting up a sh300 million substation at Wundanyi in a bid to reduce frequent power outages and improve quality delivery of services to its customers.
KPLC Regional Manager Coast Hezikiah Mwalwala disclosed on Tuesday they had been allocated land by the Taita-Taveta County Government to put up the high powered voltage project in the area. . . .
Tehran, Nairobi Mull Energy Cooperation
Posted on :Monday , 26th September 2016
Oil Minister Bijan Namdar Zanganeh said the implementation of the accord between Iran and major powers, formally called the Joint Comprehensive Plan of Action, has paved the way for promoting Tehran-Nairobi relations that are of high importance to Iran.
Zanganeh made the statement after meeting Kenyan National Assembly Speaker Justin Muturi in Tehran on Sunday. . .KenGen bets on modular power plant technology
Posted on :Saturday , 24th September 2016
Kenya Electricity Generating Company (KenGen) has announced commencement of bids for the construction of modular geothermal power plants at Olkaria. According to KenGen, the construction of the plant will reduce over reliance on hydroelectric power generation.
The new system will also cut the costs of generation. Modular power plant will generate power using a. . .Kenya receives Sh700m in grants for energy sector
Posted on :Friday , 23rd September 2016
The Energy sector received a major boost yesterday when US President Barack Obama's government gave Kenya grants worth Sh700 million for green energy projects.
Speaking at the signing ceremony witnessed by Obama, Deputy President William Ruto said the money will be used to fund clean energy projects in the country."We have . . .Please Select an Option
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