AfDB lends $145m to construct regional power line

NAIROBI — The African Development Bank (AfDB) has approved a $145m loan to fund the building of an electricity line between Kenya and Tanzania to improve regional power connections, it said.

East Africa has some of the fastest-growing economies on the continent but electricity shortages deter investment, pushing up business costs and sustaining poverty and inequality.

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Camac Energy Granted Clearance For Oil Exploration In Kenya

Johannesburg and New York-listed oil explorer, CAMAC Energy, on Wednesday said CAMAC Energy Kenya had granted seismic contracts for the acquisition of 2D seismic surveys on Block L1B onshore Kenya and Block L16 partly onshore and partly offshore Kenya.

Both deals are on condition of further negotiations and the official endorsement of a final settlement for the provision of seismic services, CAMAC said on Wednesday.

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Power Nigeria Exhibition To Open This Week

Power Nigeria to provide platform for the latest product launches as power capacity in the country is set to increase to 135 GW by 2030
       
Lagos, Nigeria, 26October, 2014:One of Nigeria’s leading power exhibition’s, dedicated to the burgeoning African power industry, opens in Lagos this week (28 October). The exhibition takes place following the Federal Government’s announcement that the country requires consistent investment in tothe power sector to ensure generation capacity of 135,000 megawatts (mw) is met by 2030.

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Kenya on track to boost geothermal energy generation

Kenya has invited bids for construction of two new geothermal plants as part of the country's plan to boost electricity production by 5000MW in three years. The new plants, with a capacity of 60MW, will be completed by the end of 2014 and is part of several projects designed to tap into Kenya 10,000 MW geothermal power potential, according to Oxford Business Group's most recent economic update on energy.

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