Market News

 Kenya Power is putting up a sh300 million substation at Wundanyi in a bid to reduce frequent power outages and improve quality delivery of services to its customers.    KPLC Regional Manager Coast Hezikiah Mwalwala disclosed on Tuesday they had been allocated land by the Taita-Tave . . .

 Oil Minister Bijan Namdar Zanganeh said the implementation of the accord between Iran and major powers, formally called the Joint Comprehensive Plan of Action, has paved the way for promoting Tehran-Nairobi relations that are of high importance to Iran.   Zanganeh made the statement aft . . .

 Kenya Electricity Generating Company (KenGen) has announced commencement of bids for the construction of modular geothermal power plants at Olkaria. According to KenGen, the construction of the plant will reduce over reliance on hydroelectric power generation.   The new system will also . . .

 The Energy sector received a major boost yesterday when US President Barack Obama's government gave Kenya grants worth Sh700 million for green energy projects.   Speaking at the signing ceremony witnessed by Obama, Deputy President William Ruto said the money will be used to fund clean . . .

 More than $1 billion in debt and financing commitments from U.S. agencies and private investors is set to be announced on Wednesday for U.S. President Barack Obama's signature Africa energy initiative, Power Africa, a top USAID official said.   The latest deals were finalized around a U . . .