Market News
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Dadaab power station to spur Garissa growth
Posted on :Thursday , 25th August 2016
Energy CS Charles Keter yesterday commissioned the Dadaab power station.It will provide electricity to more than 200,000 people have electricity connection under the Rural Electrification Programme.The project is co-funded by UNHCR and the Kenyan government for Sh200 million. Dadaab and neighbouring public primary schools will have electricity next month, Keter. . .US firm Cummins starts 12MW Baringo power production in October
Posted on :Thursday , 25th August 2016
American engineering firm Cummins Inc has set October as the date to begin generating electricity from a toxic shrub popularly referred to as ‘Mathenge,’ after more than two years of false starts blamed on mechanical hitches.
The Columbus-based company said it is working to rectify the technical snags that have dogged the 12-megwatt Mathenge power . . .Sh12bn project to end power outages � CS
Posted on :Wednesday , 10th August 2016
The construction of an alternative main power transmission line will restart soon and be complete by November to end nationwide power outages like the one experienced over the weekend.
The set up of the Sh2.64 billion, 400-kilovolts Suswa-Nairobi power line under the project will help address devastating and massive power outages, Energy Cabinet secretary Charles Keter has said.
Banks back 1 000 MW coal fired power project in Kenya
Posted on :Tuesday , 9th August 2016
Industrial & Commercial Bank of China (ICBC) and Standard Bank of South Africa have concluded a deal to finance a $2-billion, 1 000 MW Amu coal-fired power plant, in Kenya.ICBC, which has committed $1.2-billion to the project, has a 20% stake in Standard Bank, which will make available $300-million for the project.The coal pl. . .East Africa: Brazil Keen On Links With East Africa
Posted on :Tuesday , 9th August 2016
Arusha — Brazil, an economic giant of South America, is keen to promote stronger economic ties with East Africa, its ambassador to Tanzania Carlos Alfonso iglesias Puente revealed here on Tuesday.
"The Brazilian business community already has a significant presence in Tanzania and Kenya, especially in construction, energy and solid waste management sectors,&quo. . .
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