THE AGE OF OBAMA & AFRICAN ENERGY: United States President Obama's Power Africa Initiative To Channel $9 BILLION DOLLARS To Kenya's Green Energy Initiatives, As Kenya Electricity Generating Company Collaborates With Qatari Firm To Build 500 Megawatt Gas Power Plant!
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| OLK02 wellhead plant of GEG at Olkaria in Kenya (source: Green Energy Geothermal) |
March 31, 2016 - KENYA - The Power Africa Initiative which aims to promote use of green energy in Sub-Saharan Africa will channel US$9 billion to Kenya in the next 10 years, to support production of 2,500 megawatts of green energy. This follows signing of a MoU between Power Africa Kenya and KENGEN Limited - the largest power generating company in the country.
KENGEN has signed partnership with Unites States President Obama's Power Africa initiative.
The partnership between KENGEN and Power Africa Initiative will work to bring the additional 2,500 MW of power on line at the lowest cost and in the fastest time possible, officials said.
KENGEN will receive 9 billion shillings funding from Power Africa to facilitate its projects in 10 years.
The partnership recognizes KENGEN's track record of execution and bringing power-generation capacity online; KENGEN Managing Director and Chief Executive Officer Engineer Albert Mugo cited KENGEN project development, financial structuring, ability to raise financing, and capacity for contract management to achieve on-time and on-budget execution.
Power Africa-Kenya is the local subsidiary of Power Africa, U.S. President Barack Obama's initiative aims to double access to power in sub-Saharan Africa.
The partnership recognizes constraints in the delivery of electric power throughout Kenya and seeks to expand development cooperation. U.S. ambassador to Kenya Robert Godec said Power Africa has access to tools and global capabilities that meet KENGEN's specific needs.
Also, KENGEN will collaborate with Qatari firm, Nebras Power Company to build a 500 megawatt gas power plant in Mombasa, the East African country’s second largest city, after an agreement was signed in Qatar when Kenya’s President Uhuru Kenyatta visited the country last week.
“Qatar produces a lot of natural gas. Development of a gas plant will open the way for them (Qatar) to supply gas to Kenya,” KENGEN’s Managing Director, Mr Albert Mugo told local news platform Daily Nation in an interview.
The power plant, which is expected to be completed in three years, will cost $400 million (Sh34.4 billion).
In furtherance of its plans to improve power in Kenya, the ministry of Energy and Petroleum has invited bids for the development of another gas-fired 700 megawatts power plant, which will be located at Dongo Kundu in Mombasa.
Mugo said Nebras, a company partly owned by Qatar through its Electricity and Water Company, had delayed in signing an agreement with Kengen after a feasibility study was carried out two years ago.
Kenya’s electricity generation has also gotten a needed boost, with Manda Bay Consortium and Aelous Kenya collaborating to set up a gas-fired plant. This will come as part of its investment package worth Sh215 billion, which includes establishing four other projects around the East African country’s Lamu corridor project.
Kenya has explored several options in a bid to meet its deadline of producing 5,000 megawatts of electricity in 40 months, starting from September 2013. The country last month announced it would boost its generating capacity by 280 megawatts using geothermal wells. It has also explored generating power from wind energy in its Lake Turkana.
The country also intends to continue exploring options like solar even as it uses cheap sources of electricity like coal and liquefied natural gas.
The power plant, which is expected to be completed in three years, will cost $400 million (Sh34.4 billion).
In furtherance of its plans to improve power in Kenya, the ministry of Energy and Petroleum has invited bids for the development of another gas-fired 700 megawatts power plant, which will be located at Dongo Kundu in Mombasa.
Mugo said Nebras, a company partly owned by Qatar through its Electricity and Water Company, had delayed in signing an agreement with Kengen after a feasibility study was carried out two years ago.
Kenya’s electricity generation has also gotten a needed boost, with Manda Bay Consortium and Aelous Kenya collaborating to set up a gas-fired plant. This will come as part of its investment package worth Sh215 billion, which includes establishing four other projects around the East African country’s Lamu corridor project.
Kenya has explored several options in a bid to meet its deadline of producing 5,000 megawatts of electricity in 40 months, starting from September 2013. The country last month announced it would boost its generating capacity by 280 megawatts using geothermal wells. It has also explored generating power from wind energy in its Lake Turkana.
The country also intends to continue exploring options like solar even as it uses cheap sources of electricity like coal and liquefied natural gas.
- EBRU | Ventures Africa.
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