Business
Kenya: Liquefied natural gas terminal to cost $500 million
Wednesday, October 5, 2011
Kenya expects a planned liquefied natural gas terminal to cost US$500 million and take 3-5 years to build once it floats a tender in February 2012 as it seeks to diversify sources of electricity to meet rising demand, an energy.
East Africa’s largest economy is struggling with ageing infrastructure in its energy sector and the country is plagued with chronic power cuts and higher electricity bills, which critics say have discouraged investments.
Regional trade bloc, East African Community (EAC), is pushing its five member states to link up energy resources in an effort to bolster the region’s energy security.
Continue Reading