Market News
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Sh49.6 billion solar project launched in Kenya to generate clean energy
Posted on :Friday , 18th September 2015
This is part of the country's strategy to embrace green energy and avoid over-dependence on sources of power that are harmful to the environment. The Sh49.6 billion project will be spearheaded by the Government through the Tana and Athi Rivers Development Authority (TARDA) in collaboration with Ultra Clean Energy Solutions (EA) Limited and Hitachi India (PVT) Limited. Speaking during the . . .
Kenya and Rwanda in Power Deal
Posted on :Wednesday , 16th September 2015
Kenya Power and Rwanda have entered a power agreement in which Kenya power will commence exporting 30 MW of power to Rwanda as from early 2016, chief Executive Officer Dr. Ben Chumo has announced.
Chumo expressed confidence that the power purchase agreement reached with Rwanda will boost Kenya Power revenues.“This pr. . ..jpg)
Kenya: Erin Energy awarded licence extension offshore Kenya - still seeking farm-in partners
Posted on :Thursday , 10th September 2015
Erin Energy has obtained an eighteen-month extension of the Initial Exploration Period (IEP) of its offshore Kenya Blocks, L27 and L28. The IEP on blocks L27 and L28 has been extended to February 2017.
'We are delighted to receive this eighteen-month extension,' said Segun Omidele, Senior Vice President, Exploration and Production. 'This additional time to evaluate . . ..jpg)
Kenya Power starts Sh1.2bn Mombasa street lighting project
Posted on :Thursday , 10th September 2015
Kenya Power on Wednesday launched a major network upgrade and street lighting project in the coastal city of Mombasa.
The street lighting project will include Mombasa’s Old Town at a cost of Sh45 million and will involve retrofitting of 500 existing High Pressure Sodium (HSP) lamps to Light Emitting Diode (LED) lamps, replacing 5km of existing overhead streetlight conductors wit. . .
ERC to draft new policy to regulate energy use
Posted on :Thursday , 10th September 2015
The Energy Regulatory Commission (ERC) will publish new policy guidelines to regulate use of energy. According to the regulator, under the proposed guidelines, consumers who use electricity to boil at least 1,000 litres of water or more would be required to install solar panels, among a raft of other measures. ERC Director General Joe Ng'ang'a said the new initiative will help curb unnecessary . . .
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