Electricity Bills to Increase in July on Forex Adjustment
The cost of electricity is expected to go up significantly beginning this July after the Energy and Petroleum Regulatory Authority (EPRA) increased the forex exchange component on the power bill. [...]
KRA on Plans to Auction Kenya Power Transformers
The Kenya Revenue Authority (KRA) has announced plans to auction Kenya Power transformers if 30 days elapse before they clear the transformers that were shipped into the country seven years [...]
Jubilee Holdings Invests KSh4.4 Billion in Uganda's Bujagali Power Plant
Jubilee Holdings has announced an additional investment of KSh4.4 billion in Uganda’s Bujagali hydroelectric power plant, Africa’s largest privately financed hydropower project. This new investment now raises its stake in [...]KenGen to Earn KSh 119 Million from 550,981 Carbon Credits Sale
Kenya Electricity Generating Company (KenGen) is to benefit from its Clean Development Mechanism (CDM) Projects, earning an estimated KSh 119 Million. This follows the issuance of additional 309,495 Certified Emission [...]Daniel Kiptoo Named Head of the Energy Petroleum Regulatory Authority (EPRA)
The Energy and Petroleum Regulatory Authority (EPRA) has named Daniel Kiptoo as the new Director-General of the energy regulatory body with effect from 1st July 2021. Daniel Kiptoo has been [...]
Rolls Royce Invests in Energy Startup, Kowry Energy
Rolls Royce has announced that it is investing in Berlin-based start-up Kowry Energy, a provider of sustainable and decentralized energy systems that supports the sustainable expansion of energy infrastructure in [...]European Investment Bank to Invest $95 Million in Geothermal Power in East Africa
The European Investment Bank (EIB) has agreed to invest $95 million (KSh10.2 billion) in geothermal power projects in East Africa. Some of the countries set benefit from the investment are; [...]Mozambique to Sell Majority Stake in $2.4 Billion Mphanda Nkuwa Hydropower Dam
Mozambique has announced plans to sell a majority stake in the planned $2.4 billion Mphanda Nkuwa hydropower, which is set to be one of the biggest in southern Africa. The [...]KenGen to Raise $1.95 Billion, to Double Power Output
Kenya Electricity Generating Co. (KenGen) has announced plans to raise $1.95 billion in an effort to build new, as well as upgrade existing plants in a bid to almost double [...]KenGen joins Campaign Against Global Warming
Electricity generating firm Kenya Electricity Generating Company Plc (KenGen) has been admitted to campaign against global warming, becoming the first public firm in Kenya to do so. This Business Ambition [...]Rockefeller Foundation, IFC Partner to Increase Energy Access in Sub-Sahara Africa
70% of homes in Sub-Saharan Africa lack electricity connection. The Rockefeller Foundation, one of the most famous philanthropies, has partnered with the International Finance Corporation (IFC) to invest in renewable [...]Total Awards $1.9 Billion Uganda Oil Project Deal to British, Chinese Firms
Total has awarded a $1.9 billion contract to construct its Lake Albert oil production (Tilenga project) in Uganda to a consortium led by Chinese and British firms. The contracts are [...]
