General Electric confirms investment in Kenyan infrastructure
1 February 2012
General Electric, the US infrastructure firm, has announced that it has reached an agreement with the Kenyan government that will see it modernise the country's transport, health and aviation industries, nation.co.ke has reported.
It has been announced that the agreement will mean that General Electric will work in partnership the Vision 2030 secretariat.
"The net worth of a General Electric partnership with Kenya through Vision 2030 cannot be gainsaid," Kalonzo Musyoka, the vice-president of the firm, explained.
The infrastructure firm has already invested an impressive $300 million to $400 million in renewable energy through the Kipeto wind generation plant in Kajiado.
It is hoped that the ambitious project will see the wind firm produce 100MW of power in its first phase, with 250MW projected for subsequent phases.
Last month, meanwhile, it was announced that the Light Railway project in Abuja, Nigeria, will be completed before the end of 2012.