Market News

  • Kenya: Construction of 35-Megawatt Menengai Geothermal Power Project Starts

    Posted on :Thursday , 29th June 2023

    The government broke ground on the construction of a 35- MW Menengai Geothermal Power Plant in Nakuru County as it seeks to grow clean energy sources.

     

    The project was officially opened by Deputy President Rigathi Gachagua on 9th June.

     

    President William Ruto's administration is betting on geothermal power sources to transition the country to a 100% transitio. . .

  • Kenya, Tanzania to Establish $309 Million Electricity Transmission Line by Year-End

    Posted on :Monday , 14th August 2023

    • Kenya and Tanzania to establish a $309 million electrical transmission line for importing and exporting electricity.  

     

    • The transmission line will have a transfer capacity of 2,000 megawatts, enabling the two countries to share excess power.  

     

    • The completion of the Kenya-Tanzania connectio. . .

  • Kenya: Energy Ministry to Build Cow Dung Biogas Plants in 20 Counties

    Posted on :Tuesday , 23rd May 2023

    The Ministry of Energy is looking to build domestic masonry biogas plants using cow dung in 20 counties.

     

    In a tender document, the Ministry has invited bidders for the construction, testing, and commissioning of the projects.

     

    They will be built in devolved units such as Nyamira, Kisii, Uasin Gishu, Laikipia, Homabay, Kakamega, Tharaka Nithi, Narok, and Nand. . .

  • Kenya: Germany Commits to Fund Kenya's Transition to 100% Renewable Energy

    Posted on :Tuesday , 23rd May 2023

    Germany has committed to offer both financial and technical support to Kenya to enable the country meet its target of achieving 100 % transition to renewable energy by the year 2030.
     

    Germany Chancellor Olaf Scholz praised Kenya for its strong leadership and investments in geothermal energy, noting that will go a long way in helping the country in its climate change adaptation pl. . .

  • KENYA: Finnfund Sells Its Stake in the 310 MW Lake Turkana Wind Farm

    Posted on :Friday , 24th March 2023

    The Finnish Fund for Industrial Cooperation (Finnfund) is selling its shares in Lake Turkana Wind Power (LTWP), the special purpose company that operates the 310 MW Lake Turkana wind farm. It is the 2nd shareholder to withdraw from East Africa's largest wind project.

     

    News about the Lake Turkana wind farm in Kenya. One of the project’s shareholders, the Finn. . .

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