Market News

Just weeks after being named the African renewables deal of the year 2014 by project finance international earlier; the Lake Turkana wind power project has received yet another feather for its hat. The project has been named the African renewables deal of the year 2014 at the I-J-global awards 2014 . . .

 Kenya Electricity Generating Company Ltd. awarded a full turnkey contract for Olkaria I and IV to a consortium of Korea’s Hyundai Engineering Co., Ltd. and Japan’s Toyota Tsusho Corporation (Tokyo:8015) in 2011. Toshiba, selected by Hyundai Engineering to provide key equipment, sup . . .

In Summary - Kenya’s installed steam power capacity now stands at 579MW, ahead of giant economies such as Japan, Russia, China and Germany – according to a study presented to the World Bank by state-owned KenGen. - Kenya has the potential to produce 10,000MW of geothermal power from . . .

 Vestas has supplied 365 wind turbines that will see Kenya’s Lake Turkana Wind Power Project (LTWP) give off 310 megawatts. The order becomes the largest single order for the company. The wind power project was commissioned in March 2014. It is estimated to cost US$ 766.6m and expected be . . .

 World’s first submarine cable is set to be constructed in Angola across the South Atlantic with NEC Corporation as the system supplier.   According to Angola Cables S.A, a contract for the project that will see Angola and Brazil connected via cable has been signed.   This w . . .