Market News
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East Africa: Eaton Roots for Storage of Power Generated From Renewable Sources
Posted on :Tuesday , 29th September 2015
Power management firm Eaton is calling for adoption and use of renewable energy storage technologies in Africa as uptake of alternative energy and power rises in the continent.
During the recent East Africa Power Industry Convention (EAPIC) in Nairobi, Louis Shaffer, Eaton's Distributed Energy Segment Manager for Europe, Middle East and Africa Region noted that renewable energy w. . .Kenya: Firms in Rush to Obey Energy Audit Directive
Posted on :Tuesday , 29th September 2015
Industries and large institutions are in a race to comply with a directive to carry out energy audits ahead of today's statutory deadline.
The Energy Management Regulations 2012 published by the Energy Regulatory Commission require consumers of more than 180,000 units of electricity per year to carry out audits every three years.
They target saving of at least 30 p. . .Kenya: President Strikes Multi-Billion Investment Deals With U.S. Firms
Posted on :Tuesday , 29th September 2015
Kenya has secured commitments amounting to billions of shillings from American companies to increase power production and finance infrastructure projects.
Some of these projects have already been initiated.
President Uhuru Kenyatta said the commitments were secured during a morning meeting with the American companies under the umbrella Business Council for Internat. . .New African Development Bank President Adesina looking to mobilize $55B for energy projects on the continent
Posted on :Friday , 25th September 2015
African Development Bank President Akinwumi Adesina, who took over this month, said he’s aiming to eliminate Africa’s energy deficit by 2025 by mobilizing $55 billion of investment.
Termed the “New Deal for Energy in Africa,” the continent’s largest development bank said the plan will significantly raise its support for energy projects and that its p. . .East Africa: Construction of Muvumbe Hydro-power Dam kicks off
Posted on :Friday , 25th September 2015
The construction of the US$ 18m Muvumbe Hydro-power Dam in Uganda has kicked off. Located in Kabale District, Kigarama village in Nyanja parish, Maziba Sub-county, The mega project will be constructed by Vidullanka PLC from Sri Lanka.
The ground breaking of this important project was presided over by the Prime Minister, Dr. Ruhakana Rugunda who hailed th. . .Please Select an Option
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