Market News

• Kenya and Tanzania to establish a $309 million electrical transmission line for importing and exporting electricity.   • The transmission line will have a transfer capacity of 2,000 megawatts, enabling the two countries to share excess power.   • The completion of the Ken . . .

The Ministry of Energy is looking to build domestic masonry biogas plants using cow dung in 20 counties. In a tender document, the Ministry has invited bidders for the construction, testing, and commissioning of the projects. They will be built in devolved units such as Nyamira, Kisii, Uas . . .

Germany has committed to offer both financial and technical support to Kenya to enable the country meet its target of achieving 100 % transition to renewable energy by the year 2030. Germany Chancellor Olaf Scholz praised Kenya for its strong leadership and investments in geothermal energy, not . . .

The Finnish Fund for Industrial Cooperation (Finnfund) is selling its shares in Lake Turkana Wind Power (LTWP), the special purpose company that operates the 310 MW Lake Turkana wind farm. It is the 2nd shareholder to withdraw from East Africa's largest wind project. News about the Lake Turkana . . .

British independent power producer (IPP) Globeleq has awarded Toyota Tsusho Corporation the contract to build the Menengai geothermal power plant in Kenya. The Japanese company will start construction in the first quarter of 2023. The Japanese company Toyota Tsusho Corporation has been appointe . . .