Kenya signs 6-Month deal with Saudi Aramco and Emirates National Oil to nationalize oil imports
Kenya's Minister for Energy and Petroleum, Davis Chirchir on Monday announced that the Kenyan government has signed an agreement with Saudi Aramco and Emirates National Oil Co. to supply petroleum [...]
EU Grants Kenya KES 6 Billion for Refurbishment of the Olkaria Geothermal Power Plants
The European Union (EU) has granted Kenya KES 6 billion to refurbish Olkaria I and IV power plantsin Naivasha. The action will contribute to the government's objective of boosting the [...]
KenGen Reports 11% Revenue Growth to KES 27.5 Billion in H2 2022
Kenya Electricity Generating Company PLC (KenGen) has reported a growth in total revenue of 11% to KES 27.5 billion in the second half of 2022 compared to Ksh.24.7 billion in [...]Fuel Prices to Reduce in April or May
Fuel prices are set to lower in April or May, according to the Energy and Petroleum Cabinet Secretary Davies Chirchir. The Cabinet Secretary for Energy and Petroleum announced that local [...]KPLC Posts Net Loss of KES 1,589 Million in H2 2022
Kenya Power and Lighting Company (KPLC) has recorded a loss of KES 1,589 million in the second half of 2022. Data from KPLC shows that this represents a 71.9% net [...]Vivo Energy Acquires 74% Stake in Engen Petroleum
Vivo Energy, the leading oil marketer in Kenya, agreed to purchase a 74% stake in Engen Limited from PETRONAS International Corporation Ltd. The details of the value and timeline of [...]Thermal Energy Consumption Hits a 4-year High
The proportion of thermal energy fed into the national grid reached a four-year high in the first nine months, according to the Kenya National Bureau of Statistics (KNBS), due to [...]Nigeria’s State Energy Firm Signs $741 Million Maintenance Services Deal with Daewoo
The Nigerian National Petroleum Company (NNPC) has signed a deal with Daewoo Engineering Construction Nigeria Ltd for maintenance services, with the aim of promptly repairing the Kaduna Refining [...]Rubis Energy Kenya Challenges Motorists to Use Ultra Tec Fuel To Gauge Fuel Consumption Efficiency
26th January 2023: RUBIS Energy Kenya has launched a 4-week challenge dubbed ‘Fanikiwa na Ultra Tec’, rallying motorists to use Ultra Tec fuel to gauge their fuel consumption and how [...]Globeleq Secures KES 8.89 Billion to Develop a 35 Megawatt Power Plant in Nakuru
Globeleq, the London-based power company, has been awarded KES 8.89 billion ($72 million) to build a 35-megawatt (MW) power plant at the Menengai Crater geothermal fields in Nakuru, bolstering Kenya's [...]National Treasury Cuts Kenya Power's Bailout by 75%
The National Treasury has cut Kenya Power's bailout this financial year by 75%, on the back of improving revenue and the expiry of the 15% tariff cut that will ease [...]AfDB Loans $72 Million for Building 35MW Geothermal Plant in Menengai
Globeleq has received a loan of $72 million from a consortium of financiers led by the African Development Bank (AfDB) to put up the 35-megawatt power plant at Menengai. The [...]
