Kenyan owned firms have lined up $930 million for the generation of 457 Megawatts of electricity from wind and solar as the country seeks to reduce reliance on the expensive hydro power.
Gitson Energy Ltd backed by Kenyans in the diaspora has a capital expenditure of $830 million and Bluesea Energy Ltd is investing over $100 million to avail affordable electricity upon completion of various projects.
Gitson plans to build a 300MW wind farm and 50MW solar plant at Bubisa in Marsabit while Bluesea Energy Ltd has projects for 40 MW in Isiolo, sevenMW in Belgut and 60 MW at Lambwe Valley to utilise wind.
Gitson will use US backed technology equipment for the wind farm and solar plant project to qualify for funding from EximBank and Overseas Private Investment Corporation.
Read more: The East African Feb 25, 2012
No comments:
Post a Comment