Market News Page No. 481| Africa Business News

More Kenyans in rural areas applying for cheap power connection

NAIROBI: Kenyans living within 600m radius of electricity transformers are taking up the Government’s offer for cheap connection, Kenya Power has said. Kenya Power Managing Director Ben Chumo said most of those who have applied to be connected are from rural areas. Dr Chumo said he was encouraged by how Kenyans were taking advantage of the Sh15,000 connection fee which was reduced from Sh35,000 last.... Read more »

Posted on : Wednesday , 8th July 2015

Gas pipeline for trial operation this month

The natural gas pipeline connecting offshore reserves south of the country to Dar es Salaam will be put into trial operation later this month. The government said the commissioning of the pipeline would boost power generation and supply gas to factories and homes. The 532 km (330 mile) pipeline and gas processing plants, financed by a 1.23 billion US dollar Chinese loan, were initially expected to be completed last year.... Read more »

Posted on : Wednesday , 8th July 2015

Kenya is building Africa�s biggest wind energy farm to generate a fifth of its power

Kenya set in motion the construction of Africa’s biggest wind power farm this week, near Laisamis, 550km north of Kenya’s capital Nairobi. Known as the Lake Turkana Wind Power Project, the wind farm site covers 40,000 acres (162km2), which will be powered by the ‘Turkana Corridorwind.’ It is a low-level jet stream originating from the Indian Ocean and blows all year round. The project will consist of 365 turbines.... Read more »

Posted on : Tuesday , 7th July 2015

A US$400m gas-fired plant boosts Africa's energy needs

The Côte d’Ivoire republic has commissioned a US$400m gas-fired plant at the Azito Energie. This comes at a time when the nation is focusing on the expansion of energy infrastructure and development to enable the country to export power to the neighbouring countries such as Guinea, Liberia and Sierra Leone given that the current power export from Côte d’Ivoire goes to Ghana, Togo, Benin and Burkina Faso. The cote d.... Read more »

Posted on : Tuesday , 7th July 2015

Gensets aiding economic growth in Africa

In 2014, Nigeria imported a total of 28,678 genset units totalling to US$185.5mn, as per data provided by PowerGen Statistics genset-africa-USAIDThe sales of products in the global generator market have been particularly strong in regions which have an unreliable electricity supply, such as countries in Africa and Asia. According to industry sources, telecommunications and infrastructure development, road constructions as well as.... Read more »

Posted on : Tuesday , 7th July 2015

APR Energy lands a 27 million gas turbine supply contract in Egypt

APR Energy is set to provide a gas turbine power plant for an industrial customer in Egypt after landing a €27 Million contract. The leading world Mobile power supplier signed the deal early this week after a competitive tender that attracted many companies to provide a gas turbine power plant for an industrial customer in Egypt. The project, which is for a minimum of 12 months, has an estimated value exceeding US$30 million.... Read more »

Posted on : Tuesday , 7th July 2015

Wind power plant in Meru, Kenya set to generate 400MW of power

Kenyan electricity producing company, KenGen is set to develop a 400MW wind power farm in Meru County putting an addition to the growing portfolio of renewable energy sources. The first phase of the project which is stipulated to be complete by December, 2017 will generate 100MW of electricity. KenGen’s Managing Director, Albert Mugo confirmed the information and said that the project might be financed by French.... Read more »

Posted on : Tuesday , 7th July 2015

Tanzanian lawmakers pass disputed petroleum bill

Tanzania's parliament on Sunday approved a legal and regulatory framework for developing its nascent hydrocarbons industry, after days of contentious debate. East Africa has become a new oil and gas frontier after a string of discoveries that producers hope to exploit to supply energy-hungry Asian markets. Tanzania estimates it has more than 55 trillion cubic feet of natural gas but has yet to make oil.... Read more »