KENYA: Power Company pushes for 20% electricity bill hike

Kenya Power (KPLC) has made an application to increase electricity prices by up to a fifth by seeking approval from the Energy and Petroleum Regulatory Authority (EPRA) to reverse its reducing profitability and review the temporary reduction of power charges that expired in July. Kenya Power wrote in the application that the company may become… Continue reading KENYA: Power Company pushes for 20% electricity bill hike

RWANDA: ALSF Supports $200million Energy Plant Project

The African Legal Support Facility (ALSF), an organization hosted by the African Development Bank (AfDB) has provided advisory services support to the Government of Rwanda to negotiate the proposed deal with Symbion Power to develop a $200-million-dollar energy plant by Lake Kivu in Rwanda, a deal which was signed on 29 March 2019. According to… Continue reading RWANDA: ALSF Supports $200million Energy Plant Project

NIGERIA: Sterling Bank Partners Zola Electric To Provide Power Solutions

Photo Credit: Brand Spur

Sterling Bank Plc. has signed a Memorandum of Understanding (MoU) with Zola Electric an American based renewable energy company to provide reliable power supply to Nigerians. In the MoU, Zola Electric will provide Nigerians access to renewable energy solutions, while Sterling Bank Plc will provide loans to persons or organizations interested in acquiring the services… Continue reading NIGERIA: Sterling Bank Partners Zola Electric To Provide Power Solutions

NIGERIA: 5 Bidders Emerge Successful On The Race To Acquire Afam And Yola Power Company

Photo Credit: Nigeria Electricity

The Bureau of Public Enterprises on behalf of Afam Electricity Generation Company (Afam Power Plc and Afam Three Fast Power Limited) and Yola Electricity Distribution Company (YEDC) received financial and technical bids from five firms who are interested in purchasing the 51 per cent stakes in Afam Power Plc and Yola Electricity Distribution Company. The… Continue reading NIGERIA: 5 Bidders Emerge Successful On The Race To Acquire Afam And Yola Power Company