Kenya Gets Funding for Kinangop Power
The African Infrastructure Investment Fund 2 ("AIIF2") and Norfund, the Norwegian Investment Fund for Developing Countries, achieved financial close of the 60.8MW Kinangop Wind Park project in Kenya.
Kinangop Wind Park is the first independent large-scale wind farm in East Africa and a landmark transaction for both the African power sector and the project finance market.
County Govts Urged to Invest More in Solar Energy
COUNTY governments have been urged to invest in solar energy to increase the national power grid. The chance comes after an American-Taiwanese company, Ergon Solair, signed a co-operation memorandum with the East African Chamber of Commerce, Industry and Agriculture to promote the development of additional 2,000 megawatts in Kenya.
The company also targets to increase the national power grid in Tanzania and Uganda. The EACCIA chairman James Mureu said: "The signed memorandum allows Ergon Solair to move across the counties in Kenya and identifies solar energy potential.
It is upon counties to prioritise solar energy to help increase the national power grid.
Sh3 Billion Set Aside for Power
About 330,000 customers will benefit from a five year Sh3.3 billion project that will avail credit to clients who require financing for electricity connection.
In the published annual report for 2013, Kenya Power acting managing director and CEO Ben Chumo said 44,000 customers have already benefited from a Sh450 million revolving fund pilot loan facility that was supported by French Development Agency.
Vivo Energy Kenya launches Shell V-Power customer reward campaign
Vivo Energy Kenya, the company that distributes and markets Shell-branded fuels and lubricants in Kenya, launched a campaign to reward V-Power customers across the country.
During the two-month long campaign, customers will have an opportunity to win complementary Shell V-Power fuel vouchers ranging from Kshs.300 to Kshs.200, 000 in all 57 Shell petrol stations across the country.
Speaking while awarding the first winners in Nairobi, Vivo Energy Kenya Managing Director, Polycarp Igathe, said the campaign was aimed at rewarding existing customers to boost loyalty among them, as well as to encourage other motorists to try the Shell V-Power brand.
