State power generator KenGen is looking at floating asset-backed securities to finance more than Sh80 billion in energy infrastructure over the next two years KenGen, which has already pegged its Sh30 billion Rights Issue for the second quarter of this year needs Sh118 billion to finance its infrastructure development.   The firm is in talks with regulators to use asset backed securities to plug the difference. “We are.... Read more »

Posted on : Tuesday , 10th March 2015

 This was said in Dar es Salaam by the Principal Energy Officer, Mr Paul Kiwele, who represented Deputy Permanent Secretary in the Ministry of Energy and Minerals, at the launch of Rex Solar Energy’s 3G Solar Home System.   “The improved energy supply in the rural areas through public and private sector participation, will contribute significantly in improvement of livelihoods of rural populations and attainment of.... Read more »

Posted on : Thursday , 5th March 2015

In a bid to positions itself as the nerve center of the East African Community, and gateway into the greater East Africa, the government is planning to start construction of the mammoth Lamu Port Southern Sudan-Ethiopia transport or LAPSSET corridor project next month The project, which covers kenya, ethiopia, south sudan and uganda will cost a whopping 2.7 trillion shllings, and will open new trading frontiers for business people in the.... Read more »

Posted on : Friday , 27th February 2015

Just weeks after being named the African renewables deal of the year 2014 by project finance international earlier; the Lake Turkana wind power project has received yet another feather for its hat. The project has been named the African renewables deal of the year 2014 at the I-J-global awards 2014 Europe & Africa in London. The lake Turkana wind power project will provide 310 mw of reliable, low-cost, onshore wind power to the republic of.... Read more »

Posted on : Friday , 27th February 2015

 Kenya Electricity Generating Company Ltd. awarded a full turnkey contract for Olkaria I and IV to a consortium of Korea’s Hyundai Engineering Co., Ltd. and Japan’s Toyota Tsusho Corporation (Tokyo:8015) in 2011. Toshiba, selected by Hyundai Engineering to provide key equipment, supplied four 70-megawatt turbines and generators for the plant in 2013. Olkaria IV started commercial operation in September 2014, followed by Olkaria.... Read more »

Posted on : Friday , 27th February 2015

In Summary - Kenya’s installed steam power capacity now stands at 579MW, ahead of giant economies such as Japan, Russia, China and Germany – according to a study presented to the World Bank by state-owned KenGen. - Kenya has the potential to produce 10,000MW of geothermal power from the Rift Valley basin, studies by the Ministry of Energy show. - Geothermal now accounts for 29 per cent of Kenya’s energy mix, up from the.... Read more »

Posted on : Saturday , 21st February 2015

 Vestas has supplied 365 wind turbines that will see Kenya’s Lake Turkana Wind Power Project (LTWP) give off 310 megawatts. The order becomes the largest single order for the company. The wind power project was commissioned in March 2014. It is estimated to cost US$ 766.6m and expected be the largest wind farm in Africa. It will be constructed on a 40,000 acres, and construction was to commence this month.   The wind power farm.... Read more »

Posted on : Friday , 20th February 2015

 World’s first submarine cable is set to be constructed in Angola across the South Atlantic with NEC Corporation as the system supplier.   According to Angola Cables S.A, a contract for the project that will see Angola and Brazil connected via cable has been signed.   This will see a direct link between the African continent to Latin America for the first time, and is set to enable high speed and high capacity.... Read more »

Posted on : Friday , 20th February 2015

 Kenya will begin to export power to Rwanda to help the latter meet its increasing demands for low cost electricity. This follows the signing of a power trade deal on Tuesday this week for construction of a 220kv power line from Kenya to Rwanda.   Kenya will start the sale of 30 MW of power from July next year according to the Power Purchase Agreement. Rwanda will pay Kenya 12 US cents per kilowatt hour for the electricity, but.... Read more »

Posted on : Tuesday , 17th February 2015

Gigawatt global is set to spend about US$2billion in developing and pumping 1000Mw of solar power in Africa by 2020.   Dutch company Gigawatt has said the 1000MW power project will have its roots in East Africa where the largest photovoltaic field will be built in Rwanda. Burundi is one of the countries that could also benefit when this facility is expanded.   The photovoltaic field solar power plant will help to serve electricity.... Read more »

Posted on : Thursday , 12th February 2015

The programme dubbed Global Partnership on Output Based Aid will see Kenyans living in informal settlements in urban centres and those in rural areas being connected.   Speaking at Kiganjo Polytechnic Grounds in Gatundu South over the weekend when he launched the programme, Dr Chumo said the programme targets the needy who could not afford to raise the current Sh35,000 for power connection.   “We want to put a smile on the.... Read more »

Posted on : Tuesday , 3rd February 2015

Total exploration and production (E&P) has announced that it has completed work on a section of its Northern Option Pipeline (NOPL), from Kilometre (Km) 38 at Obigbo to Km 50 at Imo River,  and is now set to convey gas to the National Integrated Power Plant (NIPP) at Alaoji along the Imo River in Abia state,Leadership reports. The managing director of Total E&P Nigeria, Elisabeth Proust, commenting on the development, stated that.... Read more »

Posted on : Friday , 30th January 2015