Kenya: KPC Secure Sh35 Billion for New Mombasa-Nairobi Pipeline
Kenya Pipeline Company has secured a $350million (Sh35.6 billion) loan to finance the construction of a new 450-kilometre oil pipeline from Mombasa to Nairobi.
The state owned oil distributor will upgrade to a 20 inch ultra-modern multi-product oil pipeline to replace the more than 30 year old - 14 inch pipeline currently in use.
Speaking during the loan signing with a consortium of six banks, KPC acting managing director Flora Okoth said work is expected to be complete in eighteen months from the July 1 2014 contract signing date. Lebanese firm Zakhem International won the contract.
Read more: Kenya: KPC Secure Sh35 Billion for New Mombasa-Nairobi Pipeline
KenGen plans to add another 450 MW to grid in three years
NAIROBI: Power producer Kenya Electricity Generating Company (KenGen) plans to add another 450 megawatts (MW) to the grid from wind and geothermal in the next three years at a cost of at least $710 million (Sh71b), its chief executive said yesterday.
Kenya, which relies heavily on renewables such as geothermal and hydro power, aims to expand installed capacity to about 6,700 MW by 2017, from about 2,500 MW now. It also aims to halve bills from around $0.17-0.18 per kWh in three or four years.
Read more: KenGen plans to add another 450 MW to grid in three years
Kenya is building Africa’s biggest wind energy farm to generate a fifth of its power
Kenya set in motion the construction of Africa’s biggest wind power farm this week, near Laisamis, 550km north of Kenya’s capital Nairobi.
Known as the Lake Turkana Wind Power Project, the wind farm site covers 40,000 acres (162km2), which will be powered by the ‘Turkana Corridorwind.’ It is a low-level jet stream originating from the Indian Ocean and blows all year round.
The project will consist of 365 turbines and expected to achieve 68% load capacity factor, which will make it the most efficient wind power farm in the world.
Read more: Kenya is building Africa’s biggest wind energy farm to generate a fifth of its power
KenGen plans a 400MW wind farm in Meru
Power generator KenGen is to build a 400-megawatt wind power plant in Meru beginning next year.
The first phase of the project that will generate 100 megawatts (MW) will cost $270 million (Sh26.5 billion) and is to be completed before the end of 2017.
Two financiers, French Development Agency (AfD) and German Development Bank (KfW), are in the country conducting due diligence on the project before committing financial support.
