Market News Page No. 540| Africa Business News | Afrotrade

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US firm to build 100MW geothermal power plant in Kenya

Ormat Technologies, a US power firm has been selected among three other companies to build the 100MWgeothermal power plant in Menengai, Kenya, set to begin in December this year. This will be among other projects which will see Kenya’s energy capacity rise to 5,000MW from 1,533 MW. The Geothermal Development Company (GDC) picked Ormat Technologies through its wholly-owned subsidiaries OrPower 4, Quantum Power and local firm Sosian.... Read more »

Posted on : Thursday , 4th September 2014

Alten to develop 40MW solar plant in Kenya

Alten Kenya Solarfarms is expected to set up a 40MW solar plant in Kesses, Uasin Gishu county Kenya. The solar plant will be located on a 371 acre piece of land in Kesses near Moi University, Eldoret. The project is expected to cost around US$10m for infrastructure development alone. The project is expected to be ready in 10 to 14 months once the power purchase agreement (PPA) has been signed between Alten Kenya Solarfarms and Kenya.... Read more »

Posted on : Thursday , 4th September 2014

BASF opens new admixtures plant in Kenyan capital

German chemical manufacturer BASF has opened a new admixtures production plant at Nairobi in KenyaAccording to company officials, the facility will enable the company to meet the rising demands for construction chemicals in East Africa. Dick Purchase, head of regional business unit for construction chemicals at BASF Middle East, West Africa, CIA and Africa, said, “We are now able to rapidly supply our customers with admixtures for.... Read more »

Posted on : Thursday , 4th September 2014

Namibia:Global Petroleum s subsidiary gets licence extension

Global Petroleum’s wholly-owned subsidiary Jupiter Petroleum (Namibia) has received a 12-month extension on the initial exploration period of Petroleum Exploration Licence No. 29, which covers blocks 1910B and 2010A in Walvis Basin offshore Namibia According to the firm, the initial exploration period of the licence will now be valid until December 2015. Entering into the second period of the licence with Namibian Ministry of Mines.... Read more »

Posted on : Thursday , 4th September 2014

Ghana:Lukoil finds oil and gas offshore

Emmanuel Armah-Kofi Buah, energy minister of Ghana, said, “Lukoil has come to report a discovery and under the petroleum agreement they have 90 days to do an appraisal to determine whether it is commercial.” Lukoil joined the project for exploration, appraisal, development and production of hydrocarbons on the CTPDW Block in July 2006. A new framework agreement on the project was signed in June 2009. The project participants.... Read more »

Posted on : Thursday , 4th September 2014

British Companies Explore More Kenya Oil

Nairobi — TOWER Resources, the British oil and gas exploration firm, expressed encouragement at progress made in its operation in Kenya. The company is involved in a couple of wells in the East African country. "(Tower is in) preparation for the drilling of the potentially play-opening Badada-1 well, Block 2B, Kenya, including the ordering of long-lead items. "Encouraging result from Sala-1 well in the.... Read more »

Posted on : Thursday , 4th September 2014

East Africa to adopt cleaner fuel standards in 2015

Plans for five countries in East Africa to adopt cleaner fuel standards in 2015 are likely to help absorb excess low-sulphur oil products coming out of Middle East and Indian refineries, where new capacity is being added, industry sources said. Rwanda, Kenya, Tanzania, Uganda and Burundi are due to switch to the cleaner fuels from January 2015, according to documents posted on the websites of the regional intergovernmental organisation.... Read more »

Posted on : Thursday , 4th September 2014

Kenya Told to Promote Use of Fuel-Saving Cars

THE government has been urged to adopt policies that encourage purchase and use of fuel efficient vehicles to reduce the country's carbon footprint. According to Jane Wanjiru Akumu, the duty paid for new vehicles is higher compared to that charged when importing a used vehicle while it should be the other way round. "We are working with the Energy Regulation Commission to come up with policies that can encourage vehicle.... Read more »

Posted on : Thursday , 4th September 2014

Nigeria:Power generation hits 4,044mw, improves electricity supply

Electricity generation in the country has hit 4,044 megawatts (MW) on account of improved gas supply to generation stations and the rise in the water level at the various hydro power stations typical of the rainy season. The generation level, according to sources in the power sector, is expected to continue to improve with more gas being supplied and incentives given to gas producers to produce more. Reacting to the improved power.... Read more »

Posted on : Thursday , 4th September 2014

PTA approves US$138m grant for Infrastructure and other projects in Tanzania

The government of Tanzania has received a US$138m grant from the Eastern and Southern African Trade and Development Bank (PTA). The funds will be used in three infrastructural projects and three syndicated loans. Kilwa Energy will receive US$50m, while 21st Century which is a food and packaging firm will get US$20m and Sea rock getting US$3m of the funds set aside for infrastructure. Tanzania Electric Supply Company (TANESCO) received.... Read more »

Posted on : Wednesday , 3rd September 2014

Proposed Dangote cement factory in Kenya: production capacity revised to 3 million tonnes per year

The proposed Dangote cement factory in Kenya is now set to produce double the initial planned capacity, indicating the rise in demand of cement in Kenya. The announcement, made in the company’s trading update, could also fuel price wars for cement in Kenya. The company said it was reviewing plans for Kenya, with a proposal of increasing the cement production capacity from 1.5 million tonnes per annum (MTA) to 3MTA. The proposed Dangote.... Read more »

Posted on : Wednesday , 3rd September 2014

Demand for construction equipment in Kenya to go up due to upcoming roads projects

Many construction projects in Kenya, among them the government’s commitment to construct 10, 000 km of additional network, is set to increase demand for construction equipment. The Kenya Rural Roads Authority (Kerra) has also indicated that the roads network requires 540 excavators, 1080 rollers and 1440 movers to implement. This is good news for the suppliers and dealers of construction equipment in the region. According to Kerra,.... Read more »

Posted on : Wednesday , 3rd September 2014

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