OilNews

When booms turns to dust: Local Content Policy

By Berryl Claire Asiago The impetus at which the extractive industries grow is significant and many countries are now in the process of developing their oil and gas industries, over time this  industry has developed trends that include a number of standard laws and agreements that are not conversant across the industry and less to …

When booms turns to dust: Local Content PolicyRead More »

Lake Turkana Wind Power Project Achieves Financial Close

Following the financial close of Lake Turkana Wind Power Project (LTWP) on 11 December 2014, LTWP has received the first disbursement of funds pursuant to financing agreements signed in March 2014. “Reaching this important milestone today caps a year of major achievements by LTWP,” said Mugo Kibati, LTWP’s Chairman of the Board.  “This includes signing …

Lake Turkana Wind Power Project Achieves Financial CloseRead More »

Ormat to Expand Olkaria III Geothermal Complex in Kenya by 24 MW

Ormat Technologies has announced today its subsidiary has signed an amended and restated Power Purchase Agreement (“PPA”) with Kenya Power and Lighting Company Limited (KPLC), paving the way for the expansion of the Olkaria complex. Under the terms of the PPA, Ormat expects to increase the generating capacity of the complex by 24 MW, bringing …

Ormat to Expand Olkaria III Geothermal Complex in Kenya by 24 MWRead More »

Toshiba concludes MoU with Ethiopian Electric Power on geothermal power generation

Toshiba Corporation has announced that the company has concluded a memorandum of understanding (MOU) with Ethiopian Electric Power on a comprehensive partnership in geothermal power that will see the parties collaborate in power generation projects and personnel development. Ethiopian Electric Power (EEP), a publicly owned utility, engages in the development of geothermal resources and the …

Toshiba concludes MoU with Ethiopian Electric Power on geothermal power generationRead More »

Work starts on Kinangop Wind Farm in Kenya

By Zak Mwangi Aurecon has been appointed as owner’s engineer by the project company, Kinangop Wind Park Ltd (KWP), for the construction phase of the 60.8 megawatt wind farm in Kenya’s Kinangop region.  This project has African Infrastructure Investment Managers (AIIM) as the majority owner. The project has reached Financial Close and commissioning is expected …

Work starts on Kinangop Wind Farm in KenyaRead More »