The Kenya Power and Lighting Company (Kenya Power) has signed a power purchase agreement with Africa Geothermal International Kenya (AGIL) to establish a 140MW geothermal project in Longonot, Kenya
Energy
Standard Bank and ICBC sign deal to fund South African energy projects
Africa’s Standard Bank and the Industrial and Commercial Bank of China (ICBC) have signed a US$2bn agreement to fund renewable energy projects in South Africa
Rwanda to invest in drilling geothermal wells
Rwanda has allocated US$27mn for drilling three geothermal wells on the southern slopes of the Karisimbi volcano
World Bank help for Tanzania power sector
The World Bank has sanctioned US$121.5mn for Tanzania to help the east African country facilitate its power sector reforms and strengthen its capacity for optimal use of its gas reserves
AfDB offers Malawi US$3 million for power project feasibility studies
The African Development Bank (AfDB) Group has approved a grant amounting to US$3.04mn to finance feasibility studies on the Kholombidzo Hydroelectric Power Plant (HPP) in Malawi