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 [...]GDC on Spot over Unused Equipment Worth KES 4.4 Billion
AuditorGeneral Nancy Gathungu has flagged procurement deals at Geothermal Development Company (GDC) that have left it stuck with unutilised supplies worth billions of shillings. In her recent report, Gathungu has [...]Kenya Power Eyes Shipment of 340,000 Electricity Metres to Steer Connection
Kenya Power is eyeing a shipment of over 300,000 electricity meters early next year to resume stalled power connections around the country. The electricity distributor says an acute shortage of [...]Kenya Power's Last Mile Connectivity Project Gets Funding from French Development Agency
Kenya Power plans to connect 280,500 homes in 32 counties with cheap electricity under the controversial Last Mile Connectivity Project. The latest phase of the State-backed project, which links homes to [...]KenGen More than Doubles Full Year Profit to KES 4.7 Billion
Energy producer, Kenya Electricity Generating Company PLC (KenGen) has posted a KES 4.7 billion profit after tax for the full year period ending June 30, 2022, an increase of 157% [...]
