Market News
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A Historic Nuclear Deal has been signed between Kenya and the United States
Posted on :Thursday , 26th September 2024
A memorandum of understanding (MoU) has been inked by Kenya and the US in regards to the safe and secure deployment of nuclear technology. Sealing the deal took place in Vienna, Austria, during the 2024 International Atomic Energy Agency (IAEA) General Conference.
Musalia Mudavadi, the Prime Cabinet Secretary, spoke at the conference's general session the day before the histo. . .
78% of Rural Kenyans Will Have Access to Electricity by REREC
Posted on :Wednesday , 24th July 2024
Kenya's urban areas, enlightened by electric lights, and rural settlements, shrouded in darkness, were drastically separated for decades. This lack of electricity restricted chances for education, stunted economic growth, and hampered development in large parts of the nation.
The Rural Electrification and Renewable Energy Corporation (REREC), on the other hand, has set out on. . .
Heavy Rains in April Led To an Increase Of 23 Percent in Hydropower Production
Posted on :Friday , 31st May 2024
The country experienced heavy rains in April, which led to a 23.2% rise in the generation of hydropower one of the most affordable forms of electricity. The Energy and Petroleum Regulatory Authority (Epra) reported that 358 million kilowatt-hours (kWh) were produced by the 13 largest hydropower units in the month.
This was the biggest output in over three years since a peak o. . .
Over The Period 2018-2022, Electricity Production Increased From 2351MW to 3312MW
Posted on :Thursday , 23rd May 2024
According to Davis Chirchir, cabinet secretary for energy and petroleum, the amount of electricity produced went from 2,351 MW to 3,312 MW. At the same time, the number of customers connected to the electricity increased from 6.78 million to 9.21 million, meaning that both on- and off-grid connectivity rates increased by 75%.
According to the CS, 415,032 barrels of cru. . .
Three-Year EV Adoption Plan in Kenya Involves an Investment of USD 1.9 Million
Posted on :Monday , 29th April 2024
The nation's energy distributor, Kenya Power, announced that it will invest a total of 1.93 million US dollars over the next three years to promote the use of electric vehicles (EVs) in Kenya.
According to Kenya Power Managing Director Joseph Siror, the investment pays for the development of charging stations at various locations throughout the nation as well as the expense o. . .
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