World Business News

MUMBAI: Shares of oil producer Cairn India rose nearly three per cent Monday after the explorer said it plans to invest $2 billion to raise output by more than 70 per cent at its oilfields in the country's northwest.

Mexico is developing very fast and its requirement for energy is also increasing Mexico rapidly installing wind power projects. As per analysis and predictions of the energy experts Mexico can ramp up wind power energy from 1,000 MW of current capacity to as much as 12 GW by 2020

A planned price review is to help Kenya Power to finance the purchase of power from the 36 MW OrPower 4 geothermal plant and geothermal wellhead units at Olkaria currently being built for KenGen.

“Energy sector development if we are to reach the middle income status, which many of our member states aspire to. But this cannot be achieved if we don’t address all the constraints related to energy,” Antonio Pedro, the director of the Economic Commission for Africa (ECA) sub- regional office for Eastern Africa, said in a statement recently.