Kenya Power and Lighting Company engineers load a transformer into a lorry. Kenya Power is looking at reducing the standing charges it pays to power producers with the aim of passing on the benefit to the end consumers as it also targets to boost its profits. The utility’s management argued that if the cost of […]
![POWER Digest [March 2021]](https://moneyinafrica.com/wp-content/uploads/2021/03/splash-genale-dawa-3-hydropower-dam-230x130.jpeg)
Hydropower Plant Comes Online in Turkey. GE Renewable Energy in February said the company has successfully completed the Lower Kaleköy Hydropower plant at the Lower Kaleköy Dam in Turkey, with the plant going into full commercial operation with the last of its three units connected to the regional grid. A consortium led by GE Renewable […]
Image: djsudermann, pixabay Kenya-based energy company KTDA Power Company (KTPC) Ltd, a wholly-owned subsidiary of the largest tea business in East Africa, Kenya Tea Development Agency (KTDA) Holdings, has launched a tender to seek independent power producers (IPPs) for the construction of a series of small-sized solar parks. The projects are expected to have a […]
Kenya power and lighting company relocate powerlines to pave way for Nairobi expressway in westlands along waiyaki way , Nairobi on Friday, September 25, 2020. [David Gichuru, Standard] Kenya Power’s profit after tax for the first six months trading period ended December 31, 2020 fell by 80 per cent, hurt by the coronavirus pandemic. The […]
Kenya power and lighting company relocate powerlines to pave way for Nairobi expressway in westlands along waiyaki way , Nairobi on Friday, September 25, 2020. [David Gichuru, Standard] Kenya Power’s profit after tax for the first six months trading period ended December 31, 2020 fell by 80 per cent, hurt by the coronavirus pandemic. The […]
Kenya’s public liability company Kenya Power and Lighting Company (KPLC) has announced plans to hybridize diesel mini-grids some of which have been in operation since the early 1908s. The company which transmits, distributes, and retails electricity to customers throughout the East African country said the project is part of the Kenya off-grid retrofitting program. Until […]
Wind farm. Author: TraumTeufel666. License: Creative Commons, Attribution-ShareAlike 2.0 Generic. January 26 (Renewables Now) – The 100-MW Kipeto wind farm in Kajiado, Kenya has been connected to the grid and will now be gradually brought online, Kipeto Energy Plc announced. BioTherm Energy, backed by London-based private equity firm Actis, holds 88% in the project company, […]
Kenya Power and Lighting Company has invited expression of interest from companies to finance, develop and operate captive solar projects of capacities ranging between 500 kW and 10 MW on a lease basis for its commercial and industrial (C&I) consumers. The last date for submission of bids is February 10, 2021. The scope of work […]
KEY POINTS The top mover of the day was Safaricom Plc after selling 10.61 million shares followed by Co-operative Bank who sold 2.77 million shares. Equity Group, KCB Group, and KenGen sold 1.36 and 1.21 million. Kenya Power and Lighting Company emerged as the top gainer of the day at the Nairobi Securities Exchange (NSE) […]
KEY POINTS Safaricom is still leading the table of top mover selling 10.44 million shares today followed by Equity Group and KCB Group with 5.80 and 3.50 million shares respectively. Olympia Capital was the top gainer of the day on February 2, 2021, at the NSE with 9.09 percent at the price of 2.40 shillings […]
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