Market News

THIKA (Xinhua) -- A Kenyan official said Sunday that the country plans to reduce the cost of electricity by 47 per cent in the next three years amid increased power generation from cheaper sources. Principal Secretary for Energy and Petroleum Joseph Njoroge said the electricity producer, Kenya Powe . . .

 Kenyans will benefit from approximately 47 percent reduction in electricity prices in the next three years owing to increased generation from cheaper sources of power, Principal Secretary for Energy and Petroleum, Eng. Joseph Njoroge, has said.  Njoroge said generation projects for the 5 . . .

 The slow pace with which renewable energy projects have been rolled out across Africa may prove to be an advantage in a few years. As they catch up, African countries could benefit from technological developments and falling costs of wind and solar power. Norman Ndaba, Power and Utilities Sec . . .

 Quantum Power Gas is enthusiastic in developing the Tema LNG importation storage, re-gasification and delivery facilities. The company is a subsidiary of Quantum power, a pan African energy and infrastructure industrial investment platform, and has signed a partnership agreement with Golar LNG . . .

 Homa Bay: A power project, which will cost Sh80 million to develop, has been unveiled in Homa Bay county.   The ambitious initiative, being undertaken by Kenya Power, is expected to end frequent power outages in the area.   Dubbed "Boresha Umeme Homa Bay", the initiative will inc . . .