M a r k e t N e w s

France invests $37m in Kenyan power developments

Posted on : Monday , 8th August 2016

 On Monday, Kenya entered into an agreement with France for a sum of $37 million to facilitate the development of the east African country’s power sector through renewable power mini-grids.

 
The French embassy in Kenya said in a statement: “This 33 million euro [$37 million] financing will support the installation of renewable energy generation units (primarily solar photovoltaic [PV], but also in some cases wind turbines) in 23 mini-grids currently powered by diesel generators.”
 
Kenya and France to drive power developments
 
The agreement was signed by National Treasury Cabinet Secretary, Henry Roticih, and Bruno DePrince, regional director for East Africa of the French Development Agency (AFD), in the presence of Kenya’s President Uhuru Kenyatta and French Foreign Minister Jean-Marc Ayrault.
 
The World Bulletin reported that the deal will be implemented by Kenya's power and lighting company, Kenya Power, and it will see 9.5MW additional power voltage added to semi-arid northern counties in Kenya.
 
According to the French Embassy in Kenya, the expansion project is expected to reduce the average cost of electricity production of mini-grids by an average of 20%, improve the security of Kenya’s energy supply, support economic development by promoting more reliable electricity service, and reduce greenhouse gas emissions associated with the combustion of diesel immensely, the World Bulletin reported.
 
Ayrault said: “The signing of this financing agreement shows that significant resources are indeed being made available to the states, parastatals and the private sector to support climate-friendly projects.”
 
Kenyatta said: “We need a strong regional position that will be supported by the international community to guarantee peace in South Sudan.
 
"There is a need to do more to stabilise Somalia. This is not the time for our partners to withdraw support."

Source : www.esi-africa.com
Featured Companies
  • dubaiexporters.com

Complete List  

Advertisers in previous issue:

  • Manufacturer refrigerated-type air dryer, desiccant air dryer and compressed air in-line filter.
  • Bakery Equipment, Flour Mill, Bread Improver, Dried Fruit Processing machine
  • Automatic brick manufacturing machines
  • YorPower Kenya was established in 2002. From our headquarters in Nairobi we sell Diesel Generators manufactured by our parent company,
  •  SOVEMA is the worldwide leading supplier of machinery for lead-acid battery production.
  • IAC understand your system requirements, and can offer valuable input, be it design, consulting, training, or technical support.
  • Manufacturer of extrusion lines,extruders and down stream equipment.
  • LINTEC doub- le screen technology and the worlds first asphalt mixing plant in 100% ISO sea containers.
  • Speco Ltd. is the leading manufacturer & supplier of Asphalt Mixing Plant, Concrete Batching Plant, Crushing Plant & Optimized Integrated Flue Gas Treatment System.
  •  Magazine for Africa
  • Leading manufactures and expoters of the electronic products
  • Luminous Power Technologies Limited is a leading company with a differentiated portfolio of solutions for packaged power, diversified generation, electrical control & safety and energy optimization.
  • At A J Charnaud & Co (Pty) Ltd we are committed to the safety & satisfaction of our customers
  •  Ratan Projects & Engineering Co. Pvt. Ltd. is the flagship company of the Ratan
  •  Triveni Turbine Ltd. is a leading industrial steam turbine manufacturer, with a dominant market share of 58% in India.
  • Producing numerous types of welding consumables and welding machines for both the domestic and international market
  • Dedicated to the Engineering Manufacturing Sector in India
  • Manufacturers & Exporters of hand tools, garden tools & leatheer tool pouches.
  • Prisma s.r.l. is an industrial reality, qualified in the study and the production of automatic doors for lift.
  • BITZER ranks among the leading manufacturers of refrigerant compressors.
  • Chemicals,Environmental & Sewage,Treatment Laborotory;Equipments Analytical Equipments & Instraments;etc.
  • Pumps for dewatering, ground water control, sludge and slurry handling.
  • Used Machinery
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2025 Afrotrade