Market News
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Kenya Power, Kipeto Sign 100MW Power Purchase Deal
Posted on :Saturday , 4th June 2016
UTHOR: By MARGARET NJUGUNAH, NAIROBI, Kenya, Jun 2 - In a move that will see Kenya's wind power increased from the current 787 Megawatts, Kenya Power and Kipeto Energy Limited have signed a 20 year power purchase deal which will see Kipeto deliver 100 Megawatts of power to the country's power grid.
The wind project will be put up at a cost of Sh32.26 billion and wil. . .EU Pledges Additional Support for Power Projects in East Africa
Posted on :Saturday , 4th June 2016
The current vigour the 5thgovernment is exhibiting is key to achieving Sustainable Development Goal number 7, access to affordable, reliable, sustainable and modern energy for all, the Head of delegation of the European Union to Tanzania and East Africa region has said.
Speaking yesterday when launching a new booklet titled 'Empowering Tanzania: Energy for Growth an. . .Africa To Get U.S.$12 Billion Energy Package From AFDB
Posted on :Thursday , 2nd June 2016
Lusaka — Africa was presented with its largest energy deal ever - a $12 billion package from the Africa Development Bank - as some leaders fought off pressure from environmentalists concerned about the threat of an impending construction boom of power dams, reiterating their position that the continent was simply tired of being in the dark.
Under the new deal,. . .Kenya: Sh21 Billion Wind Power Project to Help Local Community
Posted on :Wednesday , 13th April 2016
Investors of the Sh21 billion wind power project at Baharini in Mpeketoni, have promised to create many jobs for locals.They said they will also establish a Sh15 million annual trust fund to support local communities.The wind harnessing plant is a project of a Kenyan firm Kenwind Holdings in partnership with Belgium's Electrawind. . .Kenya: Two Geothermal Plants to Get Sh3 Billion Funding
Posted on :Tuesday , 12th April 2016
The push for clean energy has received a major boost after a Sh3 billion ($29.65 million) concessional loan was approved to finance two geothermal power projects in Menengai with an estimated total output of 70 megawatts (MW).
A clean energy fund, backed by six multilateral development banks will provide the loan.The Climate Investmen. . .Please Select an Option
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