Kenya to get 300 MW of wind power on national grid
1 February 2010
The Lake Turkana Wind Power project consortium (LTWP) will supply the Kenya Power Lighting Company with 300 MW following what is said to be the single largest Foreign Direct Investment by a private entity in the country in recent times.
A 20-year power purchase agreement signed by the two bodies, the Energy Regulatory Commission and the ministry of energy, is expected to trigger a surge of interest in the renewable energy sector.
It is also a significant step towards the realisation of the LTWP consortium's €465 million (£407 million) wind farm project in Loiyangalani.
The total value of the LTWP investment is more than €600 million, including the cost of building a 428 km power transmission line from the project site to Suswa and erecting sub stations.
Recently, economic secretary at the ministry of finance Geoffrey Mwau told Reuters in an interview that Kenya plans to launch an open-ended green energy fund in the next fiscal year to encourage renewable power projects.