Market News| Africa Business News

Wind power plant in Meru, Kenya set to generate 400MW of power

Kenyan electricity producing company, KenGen is set to develop a 400MW wind power farm in Meru County putting an addition to the growing portfolio of renewable energy sources. The first phase of the project which is stipulated to be complete by December, 2017 will generate 100MW of electricity. KenGen’s Managing Director, Albert Mugo confirmed the information and said that the project might be financed by French.... Read more »

Posted on : Tuesday , 7th July 2015

China- Africa into a power generation contract

The Ethiopia Electric Power has signed a US$120mn contract with China Electric Power & Equipment Technology Company (CET) for the construction of the Ethiopia-Kenya Transmission Atlantis Images-transmissionlinesAfDB has provided the Kenyan government funding for a 500 kV transmission line in the country. Funding for the construction of the 433 km transmission line on the Ethiopian side of the border came from the African.... Read more »

Posted on : Monday , 6th July 2015

London & Norway based companies embarked to light up Africa

London-based Genesis Energy Corporation and Norway’s SHP Malthe Winje have decided to fast-track the deployment of modular mini hydro power solutions for Nigeria and the entire African continent at large hydropower-statkraft-flickrNigeria is well endowed with streams and tributaries, which makes it easier to harness hydro power. SHP Malthe Winje are considered market leaders in manufacturing and supplying prefabricated and.... Read more »

Posted on : Monday , 6th July 2015

Mini hydro power solutions for Nigeria

London-based Genesis Energy Corporation and Norway’s SHP Malthe Winje have decided to fast-track the deployment of modular mini hydro power solutions for Nigeria and the entire African continent at large SHP Malthe Winje are considered market leaders in manufacturing and supplying prefabricated and standardised mini hydro plants. Along with Genesis Energy Corporation, the Norwegian company has embarked on a mission to light.... Read more »

Posted on : Monday , 6th July 2015

Italian company Ansaldo Energia signs 3 power contracts with Africa

Italian power engineering company Ansaldo Energia has been awarded three contracts worth US$266mn in Egypt AnsaldoEnergia-EgyptAnsaldo Energia will supply two AE94.2 gas turbines rated at 170MW each for the open cycle power plant in Al Mahmoudia. The first two contracts cover the conversion to combined cycles of two power plants at Al Shabab and West Damietta, owned by the Egyptian Electricity Holding Co. Ansaldo Energia will.... Read more »

Posted on : Saturday , 4th July 2015

KenGen in 400MW wind power farm plan for Meru

KenGen is set to develop a 400 megawatt (MW) multibillion-shilling wind power farm in Meru, adding to its growing portfolio of renewable energy sources. The first phase of the wind power project, which is expected to complete by December 2017, will generate 100MW at a cost of Sh26.4 billion ($270 million). France’s Development Agency (AfD) and Germany’s Development Bank (KfW), the financiers of the project,.... Read more »

Posted on : Saturday , 4th July 2015

Kenya: Uhuru Kicks Off Africas Biggest Wind Power Project in Marsabit

President Uhuru Kenyatta has broken ground to start Africa's biggest wind power project in Laisamis, Marsabit County, as Kenya took giant steps in asserting its position as a leader in green energy production globally. The project is also the biggest single private sector initiative on the African Continent, costing 623 million euros (more than Sh70 billion), with a galaxy of investors participating in the massive.... Read more »

Posted on : Friday , 3rd July 2015

Norwegian company to partner and invest in Africa's hydro power generation

The Genesis Energy Corporation have signed a Strategic Partnership contract with the SHP Malthe Winje a Norwegian Group company to offer a pioneering platform for multiple deployment on fast track basis of Modular Mini Hydro Power solutions that will provide power services for a reasonable short period of time to the nation of Nigeria and the Africa continent at large. This was revealed by Akinwole Omoboriowo, the Genesis Energy.... Read more »

Posted on : Friday , 3rd July 2015

Kenya: Self-sufficient in terms of electricity generation

Kenya electricity generation has received a boost after more than 280MW was added to the national grid last year, Kenya became self-sufficient in terms of power generation. “Kenya is now self-sufficient in terms of power generation after more than 280 MW was added to the grid last year from various geothermal projects,” said Kenya Power chief executive Ben Chumo. The ongoing geothermal projects have added so.... Read more »

Posted on : Thursday , 2nd July 2015

Tanzania Rural Power in Need of Private Cash

Dar es Salaam — The Rural Energy Agency (REA) has hinted that the availability of adequate fund and unwillingness of private sector to invest in off grid areas among major challenges towards improving access to electricity in rural communities writes EMMANUEL KISIMA. This was said by REA Solar Technology Specialist, Eng. Jones Olotu during the 2nd sub-Saharan Africa solar summit 2015 held in Dar es Salaam last week. He said the.... Read more »

Posted on : Tuesday , 30th June 2015

Tanzania: Industries on Energy Audit to Save Costs

Industries have embarked on energy audit to minimise electricity costs that account for between 15 and 40 per cent of total production overheads. The audit is a pre-requisite for industries to implement energy efficiency, but financing the exercise remains a big challenge. The Confederation of Tanzania Industry (CTI) backed the initiative through French aid agency--Sunref. CTI's Director of Policy and Advocacy, Mr Hussein Kamote, said.... Read more »

Posted on : Tuesday , 30th June 2015

Kenya Power in Sh3.2 Billion Substations Upgrade

Nairobi -Kenya Power has signed contracts worth Sh3.2 billion with local firms to implement 12 substation upgrade projects in the country. The deal will also involve the construction of additional 33 kV power distribution lines to meet growing demand for increasing number of customers. Kenya Power CEO Ben Chumo said the upgrade projects are expected to improve reliability, contribute to reduction of technical losses and provide.... Read more »

Posted on : Saturday , 27th June 2015