Kenya Inks U.S.$200 Million Dam Construction Deal At Paris Talks
Kenya has signed a $200 million (Ksh20 billion) financing agreement with the World Bank for the construction of a dam at the ongoing climate talks in Paris.
The construction of Mwache dam in the country's Kwale County is expected to serve residents of the country's coastal city of Mombasa with 186,000 cubic meters of water a day. It will also supply residents of neighbouring Kwale County.
Mombasa County Governor Hassan Joho, who signed the deal along with Kenya's Water and Irrigation Services Cabinet Secretary Eugene Wamalwa, said the dam would ease a biting water deficit where the county only supplies 46,000 cubic meters to residents.
10th WTO Ministerial Conference, Nairobi, 2015
The WTO is an international intergovernmental organization dealing with the formulation and implementation of international trade rules. It also deals with the arbitration of trade disputes between its Members.
The WTO has the Objectives of raising the standards of living for Members, ensuring full employment, large and steadily growing volume of real income and effective demand, expanding the production of and trade in goods and services, while allowing for the optimal use of the world’s resources and seeks to both protect and preserve the environment and to enhance the means for doing so in a manner consistent with Members respective needs and concerns at different levels of economic development.
Kenya Ports Authority to construct new oil terminal
The Kenya Ports Authority (KPA) says the construction of a new oil terminal in Mombasa will start 2016 in a bid to give way for the relocation of the old Kipevu terminal and help in the expansion of the country’s petroleum handling and storage capacity by about 400% including loading facilities.
The relocation of the oil terminal will be overseen by a Danish consultancy firm, NIRAS.
Kenya Ports Authority Managing Director Gichiri Ndua said that planned relocation had been finalized on and that the tendering process is projected to commence early next year.
Miner ventures into power generation with 140MW plant
A Kenyan gold explorer is the latest investor seeking to get into power production with the planned construction of a 140 megawatts (MW) geothermal plant in Turkana County.
Olsuswa Energy, a company owned by Mayfox Mining’s chairman Manga Mugwe, is seeking to construct the power plant at a cost of $402 million (Sh42.8 billion), with planned transmission into the national electricity grid.
Most of the capital outlay is expected to be in the form of debt from development finance institutions including Denmark’s DI Frontier Market Energy & Carbon Fund.
The energy firm says it will begin exploratory work in the first quarter of 2016, drilling a year later and planned transmission of the first phase of the 70MW expected to happen in 2022.
