Page 6 - AfrElec Week 48 2022
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AfrElec POLICY AfrElec
Nigeria to partner with China in
renewable energy sector
NIGERIA NIGERIA is to partner with China to boost its tank, focused on boosting the country’s rapid
renewable energy sector, the country’s Minister renewable energy expansion through both solar
for Power Abubakar Aliyu has revealed. and wind energy.
China is by far the world’s largest manufac- Aliyu’s statement isn’t the first time that
turer of solar panels, and Nigeria aims to use Nigeria has announced a partnership with
solar power as a way of achieving its target of a China in the renewable energy sector. In 2021,
carbon-neutral economy by 2060. the two nations signed a deal to boost education
Writing on Twitter, following a visit from a on renewable energy technology in Nigerian
delegation from China Renewable Energy Engi- universities.
neering Institute (CREEI), to Abuja, the minis-
ter reiterated Nigeria’s overall commitment to its
energy transition plan.
The CREEI is a major renewable energy think
KenGen profit up 157% on
increased power generation
KENYA KENYA Electricity Generating Company PLC production despite low generation from hydro-
(KenGen) net profits increased to KES4.7mn power plants due to poor hydrology in most
($39.2mn) in the year ended June 30, up 157% in parts of the year, it explained.
annual terms, on account of increased power Revenue collected by the company during
generation and uptake by the country’s utility the period under review also grew by 7.5% from
firm Kenya Power, the Nairobi-listed power KES45.7bn last year to KES49.2bn. It gener-
company said in a statement. ated more than 70% of the country’s renewable
State-owned KenGen is the largest electric energy during the year.
power producer in Kenya, generating over 60% “KenGen has strong business fundamentals,
of the electricity consumed in the country. posting stable results backed by its growth, inno-
It owns 30 hydropower plants with a com- vation, and expansion strategy,” acting managing
bined capacity of 825.69 MW, four thermal director and CEO Abraham Serem stated.
power plants generating 256 MW, seven geo- He also revealed that the company is
thermal power plants with a generating capac- fast-tracking opportunities in the E-mobility
ity of 713.13 MW and one Wind power plant at space, which they recently delved into by unveil-
Ngong producing 26 MW, for a combined gen- ing four electric vehicles.
erating capacity of 1,817.82 MW. KenGen also said that it will upgrade its
The year-on-year growth was also attributed 40-year-old 45MW Olkaria I geothermal power
to business expansion, including with the com- plant to a capacity of 51MW and uprate Olkaria
missioning of the 86MW Olkaria I Unit 6 that I Additional Units 4 & 5 and Olkaria IV from
resulted in a reduced tax expense, KenGen said. a combined capacity of 280MW to 320MW.
Stable supply was as a result of geothermal
P6 www. NEWSBASE .com Week 48 30•November•2022
