– Leading insurers are moving to net-zero greenhouse gas emissions policies – Companies are increasingly turning their backs on coal in particular – Emerging markets are shifting to renewables, with potential to leapfrog fossil fuels As environmental, social and governance (ESG) concerns become increasingly important in the corporate world, insurance companies are emerging as potentially…
– Variouscountries are turning towards geothermal energy – Kenya hopes to double capacity over the next five years – South-east Asian governments offer incentives to encourage investment – High drilling costs pose barrier to further development While solar and wind are the dominant segments in the transition to renewables, a number of emerging markets are looking to geothermal…
Future Energy East Africa is the largest and longest-running regional power conference and exhibition in East Africa, making it a well-known and trusted brand. The event boasts both a strategic conference and a large trade exhibition. The 2019 Future Energy East Africa conference and exhibition will bring together leaders from the regional and international power and energy community to discuss…
Kenya’s main power producer is looking to tap the bond market to fund the expansion of its green energy capacity, with renewable resources set to completely replace the country’s thermal electricity generation within 15 years. On February 13 Rebecca Miano, the CEO of Kenya Electricity Generating Company (KenGen), said the company intended to issue a new bond in the fourth quarter of this year…
A stable and expanding energy supply is central to Kenya’s ambition to establish itself as an industrialised middle-income country, as set out in its Vision 2030 development strategy. The nation is fortunate in its energy mix: hydro, geothermal, solar and wind energy already play a significant role in power generation, and – particularly in the case of geothermal – there is room for further expansion.…
Interview :Johnson Ole Nchoe In what ways can other countries benefit from Kenya’s experience in developing clean energy? Johnson Ole Nchoe: The development of a long-term strategy such as Kenya’s Vision 2030 is a good example for other countries to follow, enabling them to establish a regulatory framework that helps advance the sector, such as the formation of specific institutions and…
Interview :John Munyes What strategy does Kenya need to implement to become an oil producer and exporter? JOHN MUNYES: Kenya is expanding its upstream discovery projections and after a number of decades of exploration, there have recently been discoveries in the northern Lokichar Basin. A variety of actors are carrying out explorations to find hydrocarbons offshore along the Indian Ocean and…
A new Energy Bill – which completed its public consultation phase in February 2018 – may result in a significant shake-up of Kenya’s geothermal segment. Significantly, the draft legislation lays out a royalties schedule. The raft of laws has been passed by the National Assembly but was still awaiting Senate approval as of September 2018. The bill will see geothermal firms pay fees of between…
Kenya’s first mining laws were promulgated in 1940. The Unwrought Mineral Act and the Diamond Industry Protection Act served as the legislative backbone of the industry for more than 70 years, during which the sector seldom accounted for more than 1% of the nation’s GDP. The slow growth of Kenya’s mining industry was in contrast to its East African neighbours Uganda and Tanzania, both of which…