President Uhuru Kenyatta returned from China’s “New Silk Road” summit with $3.7 billion loans to finance the standard gauge railway to Kisumu. This brings the Chinese loans for the project close to $9 billion, equal to the total foreign debt that he found when he took office. While in Beijing,
Kenyans pay high prices for electricity up to USD$0.19/kWh for residential customers compared to about US$0.10 in South Africa which is a barrier to the country’s sustainable economic development. The country is also expecting a steep rise in demand. To address this Kenya is modernising its electricity system and shifting away from costly diesel generators.
A fight has been brewing and it is about to boil over. The issue is coal and it pits powerful business interests and the Lamu community against each other. Under the ambitious LAPPSET programme, the Government of Kenya plans to build it’s very first coal plant. Worth conservatively at Kshs 200 billion, the
President Uhuru Kenyatta has directed the Ministry of Energy to allow private firms to invest in the geothermal sector.Speaking during the groundbreaking ceremony for 158MW Olkaria V, Geothermal Power Plant at Ol Karia in Naivasha today, he cited Turkana Wind Park Power Project where such a venture was a success
Source: Business Daily Africa Kenya has rejected a Swedish firm’s bid to construct Africa’s largest wind power plant in the coastal waters of Malindi, citing inadequate capacity for the project. Sweden-based VR Holding AB last year submitted an expression of interest to build a 600-megawatt wind project in the Indian