Showing posts with label Loan. Show all posts
Showing posts with label Loan. Show all posts

Sunday, April 14, 2013

Kenya: Private Investors to Add 80 Megawatts To National Grid

Transformer serving this blogger in Migori County, Kenya
The World Bank and private investors are set to add 80 megawatts to the national grid in 12 months through Gulf Power Ltd’s thermal plant in Mombasa Road, near Athi River.

Gulf Power has brought local investors from Gulf Energy Ltd and Noora Power Ltd in the Sh9.12b project which includes Sh2.7b in equity investments and Sh6.4b long-term debt financing.

WB gave the project a major boost through Sh4b loan which will be repaid for more than 15 years.

Already Gulf has signed a power purchase agreement with Kenya Power and Lighting Company (KPLC) for electricity it will generate. The agreement was also signed by the government, WB and JP Morgan Chase Bank N.A. of London.

“The WB has now signed partial risk guarantees for a third private power producer to increase the availability of electricity and diversify country’s power,” Johannes Zutt, World Bank Country Director for Kenya said.

The move will increase stability of supply of electricity to help businesses grow and create jobs for citizens.

The Gulf Power loan approved in February last year is among WB’s loan with other projects benefiting being Thika Power and Triumph Power Generation which were finished on August and December 2012 respectively.

“The loan supports innovative public-private partnership program that helps African countries to unlock their energy potential and improve competitiveness,” Lucio Monari, World Bank Sector Manager for Energy in the Africa Region explained.

The government plans to increase private sector participation and utilize low carbon resources such as wind and geothermal to increase electricity generation capacity by an additional 2,000Mw.

Manuel Odeny © 2013

Wednesday, April 10, 2013

Gender: Lack of Clean Water and Sanitation Affect Women Most

Poor water and sanitation affects women more in African societies, the African Development Bank (AfDB) has said.
The added that the discrepancy is gender based as African women bear the brunt through inequality, especially when it comes to access to education for girls and women.
“In Africa drawing water, transportation, storage and use, and cleanliness of public and private facilities are mostly the responsibility of women who are most affected by scarcity of water and insufficient water supply,” it said.
In rural areas women and girls are obliged to trek up to 15 kilometers every day to fetch water while in urban areas insufficient water supply results in long waiting lines lasting hours and causing social conflicts.
“Poor sanitation facilities also cause high number of girls drop out in school when they reach puberty that is why water and sanitation programmes should have gender equality in planning,” AfDB added.
AfDB said that under its Rural Water Supply and Sanitation Initiative launched in 2003 in partnership with other donors 51 million people have access to clean drinking water and it has aided in building sanitation facilities for 34 million people, of whom 50 per cent are women.
The initiative seeks to involve a gender approach while offering water and sanitation projects to contribute in reduction of water-related chores and increase rate of school attendance for girls, increase income generating activities and create healthy environment.
“These projects need better representation by women in decision-making committees which decreases acts of violence and aggression against women who fetch water from long distances,” the bank said.
Women should also be involved during financing and management of water resources between institutions which will transform the current cultural and social order in the continent.
“This cooperation will also contribute to the eradication of poverty and underdevelopment faced primarily by women and children,” it stressed.
Manuel Odeny © 2013