Africa: Over 400 Investment Projects to be Initiated

 Angolan minister of Economy, Abahão Gourgel, Thursday in Luanda mentioned 403 investment projects of various sizes and various complexity in the Great Lakes region as having been identified in seven business sectors. Speaking at the Regional Consultation Conference on Private Investment Opportunities in Great Lakes Region, the minister said that the process follows the criteria that include the participation of at least two countries in the region in each project. The.... Read more »

Posted on : Saturday , 20th December 2014

Uganda s quest for more oil reaches Karamoja

 Uganda’s discovered oil reserves are estimated at 6.5 billion shillings and it is believed that if the oil is well utilized, the money from the resource could lift the country from a developing nation to middle-income status. However the country’s quest for more oil continues and now the country is considering exploration in Karamoja. The Minister of State for Minerals Peter Lokeris told journalists in Kampala on Friday 5th December 2014 that the government was.... Read more »

Posted on : Saturday , 20th December 2014

Tullow Oil Hands Over Kshs.18 million Water Project in Turkana, Kenya

 Tullow Kenya has today handed over an Kshs.18 million water project to the residents of Kataboi in Turkana North consisting of a borehole, solar powered submersible pump and a 20,000 litre storage tank.   The project is expected to benefit over 5,000 residents as well as provide water to nearby public institutions including the Kataboi health centre as well as Kataboi primary school and Kataboi girls’ secondary school.   Tullow Kenya Country Manager, Martin.... Read more »

Posted on : Friday , 19th December 2014

Tanzania: Solar Power Project a Success As 840 Villages Connected

THE PV Generator solar power project aimed at addressing electricity supply in rural areas has been a success as 840 households in Kongwa, Uyui and Mlele have benefitted. Project Coordinator from the Ministry of Energy and Minerals, Mr Styden Rwebangila, said in Dar es Salaam that the pilot power connection projects include fixing the generators, which use solar power and supply it to the households. He said the project, which is at the pilot stage; one PV Generator has the capacity.... Read more »

Posted on : Friday , 19th December 2014

9 marginal fields account for 12. 43 million barrels in 8 months

 The Nigerian National Petroleum Corporation’s (NNPC) monthly petroleum information reveals that the nine marginal fields produced 12. 43 million barrels of crude oil in the first eight months of 2014 which is about 2 percent of Nigeria’s total industry output.   The Petroleum Act defines a Marginal Field as “such fields as the President may from time to time identify as Marginal Fields”. This definition though ambiguous, vests the President with.... Read more »

Posted on : Friday , 19th December 2014

Trans-Saharan gas pipeline to assist Europe diversify supply from Nigeria

 KPMG has said in its Infrastructure 100 World Markets Report released recently that the $20 billion Trans-Saharan Natural Gas project would help Europe diversify supply by transporting natural gas from Nigeria, through Niger to Algeria and then northwards to Spain and Europe, The Guardian reports.   The firm notes that if built, the Trans-Saharan Natural Gas project will be one of the world’s most expensive energy export programmes, providing a critical link between.... Read more »

Posted on : Friday , 19th December 2014

Simba Energy expects to sign Block 2A 2D seismic contract in Q1 2015

Simba Energy has said it expects to sign a contract and commence the initial 2D seismic program in the first quarter of 2015 with its technical team having finalized a program to acquire up to 400 kms of 2D seismic designed to target drilling locations on prospects and leads in two basins, and also yield volumetrics that will support revised resource estimates.   “While we have been actively negotiating with numerous parties who have expressed interest in a farm-in to.... Read more »

Posted on : Friday , 19th December 2014

Kenya to Develop Africa s Largest Wind Project

Kenya may soon be home to the largest wind project on the continent of Africa. Danish wind company Vestas won a contract to provide 365 turbines for a 310 megawatt wind power project in Kenya. The Lake Turkana Wind Power project will be the largest of its kind in Africa, and is expected to generate 15-20 percent of Kenya’s electricity needs when completed. According to project developers, the site is a unique location that is favorable for wind. It is situated at high altitude.... Read more »

Posted on : Friday , 19th December 2014

Zambia, Kenya and Tanzania sign US$1.2bn MoU for power interconnectivity

The governments of Zambia, Kenya and Tanzania have signed an MoU for US$1.2bn to for a power interconnector project between the three countries. The upcoming project would link the Eastern African Power Pool with the Southern African Power Pool. Christopher Yaluma, minister of mines, energy and water development in Zambia said the agreement signed would set out principles that underlined the relationship amongst the three governments of Zambia, Kenya and Tanzania. Once completed,.... Read more »

Posted on : Friday , 19th December 2014

Kenya Power tenders for Sh10bn street lighting

Kenya Power will Tuesday begin the search for suppliers of street lighting material, bringing a Sh10 billion project to light up Nairobi closer to reality. The electricity distributor plans to install 54,029 street lights in several parts of the city. It has already received the first tranche of Sh381.2 million from the Treasury to kickstart the project. “Currently, business transactions and productive activities are restricted mainly to daytime operations owing to perceptions.... Read more »

Posted on : Friday , 19th December 2014

Ormat Signs 25-Year Power Contract for Kenya Geothermal Project

Ormat Technologies Inc. (ORA), a U.S. developer of geothermal energy, signed a 25-year agreement to supply Kenya Power & Lighting Co. with electricity from a 35-megawatt project. Ormat’s majority-owned Kenya unit will build and operate the Menengai power plant, according to a statement today from the Reno, Nevada-based company. Construction is expected to begin after financing is completed, and terms of the power sale weren’t disclosed. Ormat owns 51 percent of the.... Read more »

Posted on : Friday , 19th December 2014

Kenya gets Sh12bn from AfDB for new power connections

The African Development Bank (AfDB) will lend the Kenya Government Sh12.2 billion to help pay for more than 300,000 new electricity connections. This follows the signing of a loan agreement Thursday by Treasury secretary Henry Rotich and AfDB Regional Director Gabriel Negatu to finance the implementation of the ‘Last Mile Electricity Connectivity’ project. President Uhuru Kenyatta and Deputy President William Ruto witnessed the signing at State House, Nairobi. Energy.... Read more »

Posted on : Friday , 19th December 2014