The World Bank board of directors approved $150 million in financing to improve access to modern energy for enterprises, households, and public institutions in Rwanda and to improve the efficiency of electricity services.   From the total amount of $150 million, $75 million will be provided as grant funding and $75 will be provided as a loan. Enhancing the achievement of previous World Bank support to the energy sector, the.... Read more »

Posted on : Wednesday , 18th November 2020

The Rocky Mountain Institute (RMI) is collaborating with IKEA Foundation to improve access to energy in rural communities in Ethiopia. RMI will leverage a $1 million grant from IKEA Foundation to grant rural communities with access to renewable energy. The institute will also leverage the grant to assure project beneficiaries create new opportunities for income generation by using energy effectively. The project will mainly target.... Read more »

Posted on : Wednesday , 18th November 2020

Dr James Mataragio, Tanzania Petroleum Development Corporation's Managing Director, said in Dar es Salaam earlier that the host government agreement talks with the consortium of IOCs led by Royal Dutch Shell and Equinor will pave way for a final investment decision."We are making progress because we have just finished land acquisition after compensating all affected people in Lindi Region," Dr Mataragio noting that progress has been made with.... Read more »

Posted on : Tuesday , 20th October 2020

The construction of 2,160MW Koysha hydropower dam in Ethiopia is 39 per cent complete. The dam is the fourth hydropower project under construction on Omo River.Dr Seleshi Bekele, Minister of Water, Irrigation and Energy, stated that the construction works at the dam are progressing well. "This project shows how our country Ethiopia is utilizing its water resources for a sustainable development and to improve the livelihoods of its citizens," he.... Read more »

Posted on : Tuesday , 20th October 2020

The Geothermal Development Company (GDC) has recently launched exploratory drilling at the Korosi geothermal site in the Rift Valley of Western Kenya. These drillings are part of the Baringo-Silali geothermal project which is said to produce 3,000 MWe.After having carried out exploratory drilling at the Paka geothermal site, the Geothermal Development Company (GDC) is starting operations at the Korosi site. The parapublic company will drill 3.... Read more »

Posted on : Friday , 2nd October 2020

Rwanda's quest to avail affordable energy to the population got a boost this week following, the approval by the World Bank Group of $150m (approximately Rwf142bn) to finance energy access for households, enterprises and public institutions in Rwanda.Half of the apportioned funds will be disbursed in form of grant while the other half will be given on credit, according to a statement.The funding permitted by the World Bank Board of Directors is.... Read more »

Posted on : Friday , 2nd October 2020

The county of Nakuru in Kenya has been positioning itself as a promising energy hub with various projects initiated by the national government of the country.Drilling for the Olkaria I Unit 6 project is about 19% complete, according to local county commissioner. The commission of the project is expected after 2021, while KenGen is still targeting an additional 720 MW of geothermal power generation capacity in the medium term.State-owned.... Read more »

Posted on : Monday , 7th September 2020

Chinese equipment and oil services company Kerui Petroleum stated that it has successfully lifted the derrick and substructure for the first 1500HP drilling rig at Ethiopia's Aluto-Langano Geothermal Energy Project.The accomplishment of the first rigging up marks a landmark in the 70-MW geothermal energy project, which is part of Ethiopian government's plans to enlarge geothermal energy generation in the upcoming few years, the Chinese firm.... Read more »

Posted on : Monday , 7th September 2020

Kenya is set to build a $5 billion (Sh540 billion) nuclear power plant on a site in Tana River County over the next seven years with funding from private investors.The Kenya Nuclear Electricity Board (KNEB) in a regulatory filing with the National Environment Management Authority (Nema) revealed that the plant with an initial capacity of 1,000 megawatt (Mw) plant would be constructed through a concessionaire.The government looks to expand the.... Read more »

Posted on : Wednesday , 19th August 2020

Permanent Secretary, Mr. Doto M. James, Ministry of Finance and Planning of the Government of Tanzania and Mrs. Stephanie Mouen, French Development Agency (AFD) country Director, signed 3 financing agreements for a total sum of 230 Million Euro (approximately 600 Bn TZS), in the presence of the French Ambassador. These funds are concessional loans targeting at improving electricity access in rural areas, enhancing the security and supply of.... Read more »

Posted on : Friday , 7th August 2020

Kenya's nuclear agency submitted impact studies for a $5 billion power plant and reported that it's on course to construct and start operating the facility in about 7 years. By 2030, the country is scheduled to have installed 4 GW of nuclear energy, which will enable it to generate 19 % of its energy consumption tally.The Government plans to multiply its nuclear-power capacity fourfold from a planned initial 1,000 megawatts by 2035, the Nuclear.... Read more »

Posted on : Friday , 7th August 2020

The Ethiopian government signed a loan agreement of Euro 117.3 million with Danske Bank A/S to fund the Assela Wind Farm project.The agreement was signed by Ethiopia's Minister of Finance and Mr. Jelsper B. Petterson and Olaf S. Mark Schet, Director and Associate Director of Danske Bank A/S, respectively. The agreement was signed virtually.The total cost of the project is Euro 146 million, of which Euro 117 million loan will be covered by the.... Read more »

Posted on : Friday , 7th August 2020