Market News
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Kenya: Chinese Firm to Establish Prepaid Power Meter Factory
Posted on :Friday , 5th August 2016
A Chinese firm plans to construct a factory in Kenya for prepaid meters to supply power utility firms in East Africa as it eyes big cash from the expanding billing market.Kenya Power chief executive Ben Chumo says the firm has sought the electricity distributor's advice on how to align their production with local market specifications.. . .Sh126b joint Kenya-Ethiopia power line begins
Posted on :Thursday , 4th August 2016
Kenya and Ethiopia have started the construction of a Sh126 billion power line that will run between the two countries.
The 1,045 kilometre line will have a transmitting capacity of 2,000MW and is expected to be completed by December 2018. Kenya Electricity Transmission Company (Ketraco) said of the 1,045 km power line, 600km will be in Kenya, while 445 will b. . .Kenya inks deal with France to boost electricity access
Posted on :Wednesday , 3rd August 2016
Kenya has inked a deal worth $37 million with France in a bid to add renewable power through mini grids. The deal is meant to boost electricity access to millions of Kenyans who are still not connected to the grid.
“This 33 million euro financing will support the installation of renewable energy generation units (primarily solar photovoltaic, but also in. . .France lends Kenya sh3 7b for energy production
Posted on :Wednesday , 3rd August 2016
In a major boost to the country’s efforts to transition from dirty and expensive fossil fuel to clean energy, the wind and solar energy project is expected to reduce the average cost of electricity production by an average of 20 per cent.
French Foreign Affairs Minister Jean Marc Ayrault, who is on an official visit to Kenya, witnessed the signing of the financing agre. . .
Kenya, France Sign Sh3.6bn Deal for Northern Kenya Power Grid
Posted on :Tuesday , 2nd August 2016
Nairobi — Kenya and France Monday signed a deal of Sh3.63 billion for power grids in Northern Kenya counties, boosting the government's efforts to provide affordable power to all Kenyans.
President Uhuru Kenyatta and French Foreign Minister Jean-Marc Ayrault witnessed the signing of the Credit Facility Agreement at State House, Nairobi.. . .Please Select an Option
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