Oil & Energy
Firm Gets $200m For Power Grid
Kenya Power has secured a 200 million dollars loan from the
World Bank’s International Finance Corporation (IFC) to invest in its grid, it
said last Wednesday.
The firm is the sole transmission and distribution utility
in East Africa’s largest economy, where blackouts are common due to generation
shortfalls and an ageing grid.
Chief Executive of Kenya Power, Joseph Njoroge said the
first tranche of 50 million dollars, which was received immediately, would be
invested in and around Nairobi.
He highlighted that “there is compelling and urgent need for
electricity network improvement.
“We estimate that implementation of projects to be funded
under this financing arrangement will be completed by 2014, thereby bringing
relief to customers such as reduction of outages,” he said while signing the
deal.
Jean Philippe Prosper, IFC’s East and Southern Africa
Director stated that Kenya would receive 300-400 million dollars for various
projects in the current fiscal year (2012/2013).
Like other African states, the country is required to invest
huge sums of money every year to meet growing demand for power, amid robust
economic activities.
Kenya Power connected its two million customers in June,
under its aim of connecting 200,000 new customers to the grid every year,
Njoroge said.
Oil & Energy
FG Inaugurates National Energy Master Plan Implementation Committee
Oil & Energy
How Solar Canals Could Revolutionize the Water-Energy-Food Nexus
Oil & Energy
Dangote Refinery Resumes Gantry Self-Collection Sales, Tuesday
This is revealed in an email communication from the Group Commercial Operations Department of the company, and obtained by Newsmen, at the Weekend.
The company explained that while gantry access is being reinstated, the free delivery service remains operational, with marketers encouraged to continue registering their outlets for direct supply at no additional cost.
The statement said “in reference to the earlier email communication on the suspension of the PMS self-collection gantry sales, please note that we will be resuming the self-collection gantry sales on the 23rd of September, 2025”.
Dangote Petroleum Refinery also apologised to its partners for any inconvenience the suspension may have caused, while assuring stakeholders of its commitment to improving efficiency and ensuring seamless supply.
“Meanwhile, please be informed that we are aggressively delivering on the free delivery scheme, and it is still open for registration. We encourage you to register your stations and pay for the product to be delivered directly to you for free. We sincerely apologise for any inconvenience this may cause and appreciate your understanding,” it added.
It would be recalled that in September 18, 2025, Dangote refinery had suspended gantry-based self-collection of petroleum products at its depot. The move was designed to accelerate the adoption of its Free Delivery Scheme, which guarantees direct shipments of petroleum products to registered retail outlets across Nigeria.
The refinery stressed that the earlier decision was an operational adjustment aimed at streamlining efficiency in the downstream supply chain.
-
Sports4 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports4 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports4 days ago
NPFL club name Iorfa new GM
-
Sports4 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports4 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports4 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports4 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Politics4 days ago
Rivers Assembly Resumes Sitting After Six-Month Suspension