TBEA: East African energy investment to start with Kenya
2 December 2009
Kenya will be the point of entry for Chinese energy firm TBEA, which aims to expand its investment in power generation and transmission to East Africa in the next few years.
International business co-ordinator Wei Hua was quoted by news source the East African as saying the country had an unexploited energy potential.
The company will partner up with local energy firm Muringa Holdings to tap into this power, but also apply Chinese technology to better use the power currently being generated.
After Kenya, TBEA hopes to move into other parts of the region, with Uganda as its next step.
Muringa Holdings was reported to already be working with the Uganda Energy Regulatory Authority.
In related news, Kenya recently got a power boost in the form of $2 billion (£1.2 billion) to support its green energy initiatives.
Donors included the World Bank, the French Development Agency and the African Development Bank, the Nation reported.