Market News

  • Kenya seeks funds to grow power sector

    Posted on :Wednesday , 21st January 2015

    NAIROBI – KENYA requires $2 billion (Sh182,5 billion) to generate an additional 5 000 megawatts of electricity in two years.

    The government would start initiating a proposed 960 MW coal power plant in Lamu before embarking on other power projects to produce 4040 MW to be added to the national grid.
     
    This, according to experts will help boost economi. . .

  • Kenya: M-Kopa Solar Wins Sh133 Million Future Energy Prize

    Posted on :Wednesday , 21st January 2015

    A Kenyan green-energy company has become the first firm in Sub-Saharan to win the Zayed Future Energy prize in the enterprise and SME category.

    M-KOPA Solar was announced the winner at the opening ceremony of the annual Abu Dhabi Sustainability Week. The Zayed Future Energy Prize brings with it a US$1.5 million (Ksh133 million) prize. M-KOPA Solar will use these funds to launch a traini. . .

  • Uganda: Germany to Fund Kabale Power Dam

    Posted on :Wednesday , 21st January 2015

    Germany is to fund construction of the proposed 6.5MW Maziba hydroelectric power dam in the western district of Kabale, Prime Minister Dr Ruhakana Rugunda has said.

    Rugunda told residents of Kyanamira sub-county recently that a contractor had already been secured for the $12m (Shs 34bn) project on river Maziba, 10km east of Kabale town. A 1.6MW plant built at the site in 1966 was decomm. . .

  • Ethiopia adds a further 1 870 MW with Gigel Gibe III Hydroelectric Project

    Posted on :Friday , 16th January 2015

    The Gilgel Gibe III Hydropower project, constructed and situated on the Omo River in Ethiopia is expected to, once completed, generate 1 870 MW of power assisting in meeting the energy needs of those residing in Ethiopia and neighbouring countries. Construction of the 243m concrete dam began in 2008, and is scheduled to start generating power in early 2015. It is reported that Gigel Gibe III&rs. . .

  • Menengai geothermal to save nation Ksh 13 billion

    Posted on :Friday , 16th January 2015

    Kenya will save about Ksh 13 billion annually once the 105 MW geothermal power plants start to operate in Menengai, Nakuru by end of 2015. The project run by the Geothermal Development Company (GDC) has now awarded three IPPs land where they will put up power plants. The company is also constructing a major steam gathering pipeline that will distribute the steam from wells to turbines. “W. . .

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