The African Guarantee Fund (AGF) has signed a loan portfolio guarantee agreement with the Co-operative Bank of Kenya (CBK) for $7.5 million. The guarantee facility will enable CBK to finance green small and medium-sized enterprises (SMEs), particularly in the supply of solar photovoltaic energy. The Co-operative Bank of Kenya, a Nairobi-based financial institution, is launching a new range of bank loans for Kenyan small and medium-sized.... Read more »

Posted on : Thursday , 21st October 2021

According to Reuters, the telecommunication filed a proposal with utility Kenya Power for the installation of smart meters with the purpose of reducing non-revenue electricity and enhancing grid monitoring and management. The 330,000 smart meters, transformers, and feeders that Safaricom is planning to install will see USD 651.23 million in return on investment over a period of 8 years, of which Safaricom plans to take 75 per cent and.... Read more »

Posted on : Tuesday , 16th November 2021

Following a recent visit to the site of the Stiegler's Gorge hydroelectric dam, Medard Kalemani, the Tanzanian Minister of Energy, accompanied by Assem Gazzer, his Egyptian counterpart in charge of public works gave an update on the progress of the project. According to the official, the project is already 62.7 per cent complete. The work is currently focused on the installation of the draft tubes at the base of the 9th turbine, which will.... Read more »

Posted on : Tuesday , 16th November 2021

Installation of 27 transformers to increase transmission voltage of electricity produced at the Julius Nyerere Hydro Electric Power Project in Tanzania has started. Once completed the new transformers will increase the transmission voltage from 15kV to 400kV. Also known as the Stiegler Gorge Dam and the Rufiji Hydroelectric Power Project, the project is planned to eventually have an installed capacity 2,100 megawatt and produce 5,9GWh of.... Read more »

Posted on : Wednesday , 22nd September 2021

The East Africa region is increasingly becoming an area of interest in the eyes of international investors in energy projects from around the world. The recent substantial FDI influx in the East African energy sector has re-ignited the global appetite resulting in the rising number of delegates exploring the region through channels like the 9th Power and Energy Africa exhibition in Kenya and Tanzania. East African countries like Kenya,.... Read more »

Posted on : Monday , 13th September 2021

Rwanda has set 2024 as a target date to reach the goal of 100 percent access to power for its entire population. Consequently, the small nation has more than $1.2 billion of active power projects.Rwanda’s population will grow by 25 percent over the next decade to reach 16 million people. In order to provide access to the growing population and make up for the current shortage of power, the country has embarked on various power generation.... Read more »

Posted on : Monday , 6th September 2021

Kenya is among countries set to benefit from €80 million ($94 million) funding from the European Union investment arm to increase geothermal power production. The European Investment Bank an investment arm of the EU approved the funding targeting private sector-led geothermal power projects in East Africa. The funding will benefit projects in Kenya and 17 other countries, including Ethiopia, Madagascar, Mauritius, Mozambique, Rwanda,.... Read more »

Posted on : Tuesday , 24th August 2021

Sudan has shown interest in purchasing up to 1000 MW of Electricity from Ethiopia, Africa, according to senior officials at Ethiopian Electric Power. Ethiopian news agency (ENA) quoted Andualem Sia, Ethiopian Electric Power executive officer, saying that Sudan had shown interest in making the purchase. Experts from Ethiopia travelled to Khartoum to discuss this possibility, according to the corporate planning officer at Ethiopian.... Read more »

Posted on : Tuesday , 24th August 2021

When Kenya opened the Olkaria power plant 4 decades ago, it was seen more as a research project than a commercial venture. The facility is located in Hell’s Gate National Park, a barren zone of volcanic rock that is permeated by sulphurous gases and is mainly populated by warthogs and zebras. The untested and costly geothermal technology was experimental at best, with the 1st unit expected to power around 10,000 homes. Today, Olkaria generates.... Read more »

Posted on : Thursday , 22nd July 2021

The African Development Bank (AfDB) has approved 2 grants totaling USD 83.6m to boost cross-border trade in electricity between Ethiopia and Djibouti. The funds are made up of a USD 69.65 million grant to Ethiopia and a USD 13.93 million grant to Djibouti. Both the grants are sourced from the African Development Fund, which is the AfDB’s concessional financing window. The Ethiopia & Djibouti 2nd Power Interconnection project will.... Read more »

Posted on : Thursday , 22nd July 2021

Djibouti and Ethiopia have secured finance to build a second electricity transmission line after the two neighbours enjoyed the returns from the first project that linked their power grids. The first project has enabled Djibouti to import Ethiopia's hydropower-processed, renewable and cheap electricity. After, the two countries agreed to further develop the project, the African Development Bank (AfDB) has now approved two grant loans.... Read more »

Posted on : Wednesday , 21st July 2021

The Energy and Petroleum Regulatory Authority through a statement said the process will assist in spurring investment in mini-grids in the country, to boost electrification in underserved areas distant from the main-grid. The authority said it will conduct a nationwide sensitization and consultative sessions before the next stages of validation. The 1st forum was held in Garissa town, and thereafter in Lodwar, Mombasa, and later in.... Read more »

Posted on : Monday , 19th July 2021