Kenya: U.S. Power Firm Ormat Reaping Big From Kenya Electricity Contract

Kenya: U.S. Power Firm Ormat Reaping Big From Kenya Electricity Contract

US power company Ormat continued to earn huge payouts from the Kenya Power and Lighting Company (KPLC) despite lower output at its Olkaria wells, exposing the downsides of protective electricity purchase contracts. Kenya Power is the biggest revenue basket for the US firm outside America contributing 16.3 percent of total revenues in the nine months […]

Japan-Africa Economic Forum Arrives in Nairobi with Participation From Safaricom and Twiga Foods

Japan-Africa Economic Forum Arrives in Nairobi with Participation From Safaricom and Twiga Foods

Kenya and Japan Governments alongside and Japan External Trade Organization (JETRO) are holding the Second Japan-Africa Public-Private Economic Forum in Nairobi as a business collaboration event that has rounded up people from the highest levels of the public and private sectors in Japan and Africa to discuss how all these sectors can work together to […]

Drilling starts for geothermal project in Djibouti

Drilling starts for geothermal project in Djibouti

Contract signing with ODDEG, Galla Le Koma, Djibouti, with Kenya’s Energy Cabinet Secretary, Hon. Charles Keter, and KenGen Managing Director & CEO, Mrs. Rebecca Miano (source: KenGen) The Kenya Electricity Generating Company (KenGen) has announced that they have started the drilling of geothermal wells in Djibouti. Drilling is expected to take about two months. This […]

Kenya: KenGen Projects Worth Sh84 Billion Not Generating Revenues

Kenya: KenGen Projects Worth Sh84 Billion Not Generating Revenues

Power generator KenGen is spending millions servicing loans for projects worth Sh84 billion that don’t bring in revenues. Some of the projects have stalled for 10 years and others are being used by different companies to generate revenue but are not benefiting KenGen. Auditor-General Nancy Gathungu’s report on KenGen for the year to June 2021 […]