The Governments of Tanzania, Zambia and Kenya have signed a Memorandum of Understanding (MoU) to fund a USD 1.2 billion power inter-connector project that will connect the Eastern African Power Pool (EAPP) to the Southern African Power Pool (SAPP). tanzania-kenya-zambia-power-gridThe Zambia-Kenya-Tanzania (ZTK) power interconnector project is scheduled to be launched at the end of 2015 or in early 2016 and is expected to be completed by.... Read more »

Posted on : Wednesday , 31st December 2014

 GHANA is making frantic efforts to finance a plan aimed at paying for gas supplied to the Volta River Authority (VRA) and the power producers in the event of a cash fall, local daily newspaper reported. This is part of plans to avert rising power crisis. According to the publication, Ghana National Petroleum Corporation (GNPC) is working on a fall-back financing plan widely believed to boost the production of gas in the country. GNPC.... Read more »

Posted on : Monday , 29th December 2014

 East African governments have doubled their efforts to increase energy output, with several multi-million dollar projects on the cards. The aim is to meet rising demand as well as attract more investments, after the 2014 World Bank Ease of Doing Business report noted that low energy output remains a hurdle for investors. In the past two months, Rwanda, Tanzania and Kenya have announced a number of power upgrade projects. Rwanda recently.... Read more »

Posted on : Monday , 29th December 2014

Following the financial close of Lake Turkana Wind Power Project (LTWP), the first disbursement of funds pursuant to the financing agreements signed in March 2014 has been received. The Sh70 billion project is the largest single wind power project to be constructed in Africa and is to date, the largest private investment in the history of Kenya and the most complex and challenging project financing undertaken in the renewable energy space in.... Read more »

Posted on : Monday , 29th December 2014

 The project, which was signed in Livingstone, Zambia last week on December 15, 2014, is set for completion in phases between 2016 and 2018. “By doing so power tariffs would be reduced, our people would now get cheaper power possibly below $0.10 cents per unit,” Prof Sospeter Muhongo, Tanzania’s Minister for Energy and Minerals told East African Business Week. Some of the development partners to the project which.... Read more »

Posted on : Wednesday , 24th December 2014

 Ghana has admitted that it is privatizing the country's power utility as part of conditions to access foreign funding, barely six months after it dismissed reports about the move. The government is holding a series of stakeholder meetings to consider concession or partial privatization of the Electricity Company of Ghana (ECG). "Government is considering concession or partial privatization of power utility, Electricity Company of.... Read more »

Posted on : Sunday , 21st December 2014

Ethiopia plans to expand industry, sugar factories and power production using proceeds from its oversubscribed debut Eurobond that raised $1 billion, the finance minister said on Tuesday. Ethiopia is the latest African state to receive a strong response on its first foray into the international debt markets. Investors have been eyeing Africa's sturdy growth rates and Ethiopia's economy is now expanding by about 9 percent a year. "This.... Read more »

Posted on : Sunday , 21st December 2014

 Continental Energy Corporation (OTCQB:CPPXF), the "Company", an emerging international energy investment company, today announced that its Tanzanian subsidiary, Ruaha River Power Company Ltd. ("Ruaha Power"), has been appointed manager of a US$ 95,000 grant from the Rural Energy Agency ("REA") of Tanzania.   The grant is made under the Tanzania Energy Development Access ("TEDAP") program with.... Read more »

Posted on : Saturday , 20th December 2014

Kenya may soon be home to the largest wind project on the continent of Africa. Danish wind company Vestas won a contract to provide 365 turbines for a 310 megawatt wind power project in Kenya. The Lake Turkana Wind Power project will be the largest of its kind in Africa, and is expected to generate 15-20 percent of Kenya’s electricity needs when completed. According to project developers, the site is a unique location that is favorable.... Read more »

Posted on : Friday , 19th December 2014

The governments of Zambia, Kenya and Tanzania have signed an MoU for US$1.2bn to for a power interconnector project between the three countries. The upcoming project would link the Eastern African Power Pool with the Southern African Power Pool. Christopher Yaluma, minister of mines, energy and water development in Zambia said the agreement signed would set out principles that underlined the relationship amongst the three governments of.... Read more »

Posted on : Friday , 19th December 2014

Kenya Power will Tuesday begin the search for suppliers of street lighting material, bringing a Sh10 billion project to light up Nairobi closer to reality. The electricity distributor plans to install 54,029 street lights in several parts of the city. It has already received the first tranche of Sh381.2 million from the Treasury to kickstart the project. “Currently, business transactions and productive activities are restricted mainly to.... Read more »

Posted on : Friday , 19th December 2014

Ormat Technologies Inc. (ORA), a U.S. developer of geothermal energy, signed a 25-year agreement to supply Kenya Power & Lighting Co. with electricity from a 35-megawatt project. Ormat’s majority-owned Kenya unit will build and operate the Menengai power plant, according to a statement today from the Reno, Nevada-based company. Construction is expected to begin after financing is completed, and terms of the power sale weren’t.... Read more »

Posted on : Friday , 19th December 2014