Market News

As the nation initiates the implementation of Vision 2050, the government is intensifying its investments in electricity generation, natural gas infrastructure, transmission networks, and renewable energy. TANZANIA is steadily identifying energy as the key driver for its upcoming development phase.& . . .

The Power Grid Corporation of India, which is state-owned, has formally commenced the execution phase of its transmission project in Kenya after setting up a project company in Nairobi to facilitate the development of a KSh40.2 billion electricity corridor. The company has formed Mwanga Transmi . . .

Uganda and Tanzania have initiated the procurement process for a major 400kV power interconnector, which is projected to strengthen regional electricity trade. The Uganda Electricity Transmission Company Limited (UETCL) recently organized an early market engagement meeting in Kampala to inform contr . . .

 The Tanzania-Zambia Transmission Interconnector (TAZA) initiative is quickly transforming the electricity distribution in southern Tanzania, as the 400-kilovolt Tunduma–Sumbawanga line has reached more than 79 percent completion.The Chief Executive Officer of TANESCO, Mr. Lazaro Twange, stat . . .

Energy Cabinet Secretary Davis Chirchir visited a geothermal well in Pakka Hills located in Baringo County, where the Geothermal Development Company (GDC) is working on several electricity initiatives. The Kenya Electricity Generating Company (KenGen) is actively investigating additional geothe . . .