The construction of wind power projects in Egypt has received a major boost after African Development Bank (AfDB) agreed to extend a loan of US$50 towards the projects. The project will be constructed by Egyptian-Emirati  company.   AFDB says it will finance Egypt’s share in the first Egyptian-Emirati project to generate electricity from wind power. The loan will be given to New and Renewable Energy Authority (NREA) that.... Read more »

Posted on : Friday , 6th November 2015

 Chase Bank and the French Development Agency have signed a US$ 10.8m loan to finance renewable energy projects in Kenya. Chase Bank Chief Executive Paul Njaga confirmed the reports and said that the money will be lent to businesses that want to invest in renewable energy technologies projects such as small hydro, biomass, biogas, solar, geothermal and other energy efficient measures.   “This is a 12-year facility and will.... Read more »

Posted on : Thursday , 5th November 2015

A US$ 36m powerline in Burundi that was constructed to link the capital Bujumbura, from the Ruzizi II hydroelectric dam in Kamanyola at the Democratic Republic of Congo has been launched by Burundi’s Deputy President Dr. Joseph Butore. The Powerline in Burundi will help the country export surplus electricity to neighboring countries, or import through the regional interconnection lines. “The project is of paramount importance.... Read more »

Posted on : Wednesday , 4th November 2015

The Tanzanian and Kenyan Governments have recently announced that construction works have started on the Kenya-Tanzania Power Interconnection project that aims at connecting the Eastern Africa Electricity Highway between Kenya and Ethiopia, with the Eastern Africa Power Pool compounded by countries of the Common Market for Eastern and Southern Africa (COMESA).   The project, implemented by Kenya Electricity Transmission Company (KETRACO).... Read more »

Posted on : Tuesday , 3rd November 2015

 First Coal power plant in Egypt will be constructed at a cost of US$3b a move that will boost the country’s  power sector. The move comes after the country signed a power plant construction deal with Siemens and scatec.   According to officials in the Ministry of Electricity and Renewable Energy, a deal will be signed with a UAE company to help establish the first coal-operated power generating station in South Sinai in.... Read more »

Posted on : Tuesday , 3rd November 2015

  First Coal power plant in Egypt will be constructed at a cost of US$3b a move that will boost the country’s  power sector. The move comes after the country signed a power plant construction deal with Siemens and scatec. According to officials in the Ministry of Electricity and Renewable Energy, a deal will be signed with a UAE company to help establish the first coal-operated power generating station in South Sinai in March.... Read more »

Posted on : Tuesday , 3rd November 2015

High-level sources in the Ministry of Electricity and Renewable Energy said that the ministry will sign with a UAE company a contract for establishing the first coal-operated power generating station in South Sinai next March.   The sources said that the ministry is currently finalizing the environmental studies and timetable of the project, where the Egyptian Electricity Holding Company will hold negotiations with the UAE company about.... Read more »

Posted on : Monday , 2nd November 2015

 A recent Gas discovery in Egypt is likely to put the country back to its former position where it used to export energy. This follows the discovery of huge Zohr natural gas field at the coastline of the country.   Discovered by oil exploration company Eni, The move will see the country back into exporting liquefied natural gas (LNG), making the bright spot of demand it has created in an oversupplied global gas market.... Read more »

Posted on : Monday , 2nd November 2015

Kenya Power has posted a 6 per cent increment in net profit to Sh7.43 billion for the year ended June 30.   Net earnings for the previous year stood at Sh6.99 billion.   The utility's jump in profits was supported by increased electricity sales and a review of the electricity tariff that became effective at the start of December 2013.   "Electricity sales grew by 5 per cent from 6,790 million units the previous year to.... Read more »

Posted on : Friday , 30th October 2015

 A consortium that is tasked with the construction of a coal fired power plant in Kenya  Amu power, has confirmed that the building of the plant in Lamu will commence next year in January.   Amu Power is a company formed by a consortium of Centum and Gulf Energy.   The community liaison officer for Amu power Aboud Sheikhalifa confirmed the reports and said that all plans are set and ready for construction to.... Read more »

Posted on : Friday , 30th October 2015

SUBSTANTIAL investment in the energy sector is set to increase electricity generation to make history the long overdue power blues that have been contributing to cost of doing business. TIB Development Bank entered into a deal with the state owned Power Company (TANESCO) to release and arrange a syndicated loan aimed at putting new infrastructure, the transmission line from Somanga in Kilwa to Kinyerezi in Dar es Salaam. In the lucrative deal,.... Read more »

Posted on : Thursday , 29th October 2015

 The African Development Bank Group (AfDB) has boosted electricity access in rural Uganda following the approval of  US$ 121m loan to finance the project.   According to AfDB, the funds are expected to help in the improvement of livelihoods, growth of the economy and allow access to social services in rural areas as public institutions get connected to the national grid.   AfDB allocated US$ 100m and mobilized US$ 21m.... Read more »

Posted on : Wednesday , 28th October 2015