Govt Seeks Coal Power Plant Investors
The government is seeking experienced private investors to develop a 900-1000 Megawatts (MW) coal fired power plant in Kitui under an Independent Power Producer framework. The Ministry of Energy and Petroleum says the investor will be involved in developing the plant and selling power under a Power Purchase Agreement.
The Kitui power plant is expected to be constructed by December 2016 and will use coal from Mui Basin. The project is part of the government's ambitious plan to raise the power generation capacity by 5000MW by 2016.
Kenyan banks get high ranking in global survey
Despite encountering numerous service related problems with banks, Kenyan consumers are still confident in the local banking industry. A new report shows that while Kenyans have the highest incidence of problems reported when doing banking transactions, they remain confident in their banking industry. The Ernst & Young 2014 Global Consumer Survey showed that 55 per cent of Kenyans had within the past year experienced at least one problem with their banks.
Kenya to build first nuclear plant by 2025
Kenya has announced that it will build a 1,000 MW nuclear plant worth US$3.5bn by 2025 to support the country’s growing energy needs
William Ruto, deputy president of Kenya, said, “I have no doubt that Kenya will successfully implement its nuclear power programme safely and efficiently, borrowing from best practices in countries that have embraced and used the technology successfully for many decades.â€
The plant is expected to be built near the country's Lake Victoria coastline, according to The Star.
EADB to Boost Oil and Gas Policy-Making in the Region
Public sector lawyers involved in drafting of the extractives sector laws and policies in the region will next week undergo training to improve their negotiation and policy-making skills.
The training is aimed at assisting East African Community (EAC) countries to make extractive industry contracts and related policy to ensure they achieve tangible benefits from their natural resources, the East African Development Bank (EADB), which is hosting the training said in statement yesterday.
