KENGEN SIGNED KSHS 5.8 BN DEAL TO SUPPORT ETHIOPIAN GEOTHERMAL ENERGY PROJECTS

Posted on :Monday , 18th November 2019

Kenya energy generator, KenGen has signed a Kshs 5.8 Bn deal to drill 12 geothermal wells in Ethiopia and boost the countries energy needs. In contract with Ethiopian independent power producer Tulu Moye Geothermal Operations (TMGO) PLC, KenGen will also grant water supply system and equipment.

After KenGen, won a contract to drill geothermal wells for the Ethiopian Electric Power (EEP) . . .

Prime Minister Abiy Ahmed puts Ethiopia on the trade map as a top investment destination

Posted on :Monday , 21st October 2019

 Mr. Abiy Ahmed Ali, Ethiopia’s young reformist Prime Minister, "for his efforts to achieve peace and international cooperation, and in particular for his decisive initiative to resolve the border conflict with neighboring Eritrea." has been this year’s recipient of the Nobel Peace Prize.

Prime Minister Abiy Ahmed is responsible for initiating important reform. . .

East & Southern African Power Grids will be Linked in Next 2 to 3 yrs

Posted on :Friday , 27th September 2019

The power grids of East and Southern African countries will be linked in the next two to three years after concluding with various high voltage lines, making the way for regional trade, said senior Kenyan energy official.

Power shortfall and disruption are frequent across both regions and businesses often complain that poor or irregular supplies discourage investors and push up p. . .

TDB BANK WILL FUND VARIOUS RENEWABLE ENERGY PROJECTS

Posted on :Thursday , 25th July 2019

Trade and Development Bank (TDB), a bank located in Bujumbura, Burundi, aims to invest in renewable energy projects in East Africa. The bank already has a focus on geothermal energy in countries such as Kenya and Ethiopia.

Development Finance Institution In UK to Invest $300m in African Power Networks

Posted on :Monday , 10th June 2019

The UK government’s foreign investment tool, CDC Group, said it would provide more than $300m in a new business to expand electricity networks in Africa, which is one of the biggest hitches to economic development in the world’s indigent continent.