Market News

Kenya is the most advanced country in the Eastern Africa in terms of exploiting its geothermal resources. Nairobi wants to grow its installed electricity capacity and diversify the use of geothermal heat. This is the main rationale behind the partnership which was recently signed between the state-o . . .

Kenya Electricity Generating Company PLC (KenGen) has announced a 9 per cent profit increase in its half-yearly unaudited financial results for the period ended 31 December 2020. The company's profit before tax grew from Ksh 6.2 billion ($55 million) to Ksh 6.8 billion ($64 million), states a c . . .

The company has signed a USD 6 million contract with Office Djiboutien De Development De l’energie Geothermique (Djiboutian Office of Geothermal Energy Development). The ceremony, in Galla Le Koma, Djibouti, was attended by Kenya's Energy Cabinet Secretary Charles Keter and KenGen CEO & Manag . . .

Independent Power Producer (IPP) BioTherm Energy is connecting its Kipeto wind farm to the grid of the state owned Kenya Power Corporation (KPLC). The 100 MW facility will be brought into commercial operation in the upcoming months. The Kipeto wind farm is entering its test phase. After 2 years . . .

Clir Renewables, a provider of software solutions for clean energy generation facilities, signs an agreement with Lake Turkana Wind Power. The purpose of this partnership is to improve the operation of the 310.25 MW Lake Turkana wind farm. Optimising the production of the Lake Turkana wind farm . . .