Business
Kenya: Wind Power generation – getting closer to reality
Construction and rehabilitation of the road will take approximately 15 months, paving way for the delivery of the wind turbines and the transformers to the site.
Construction on the power plant will begin immediately there after and it is projected that up to 90 megawatts of electricity could be commissioned by early 2014.
The Kenya Electricity Transmission Company Ltd (Ketraco) has said it would start construction of a double circuit 400kv, 428km transmission line next month to deliver the electricity to consumers.
The Lake Turkana Wind Power consortium comprises KP&P Africa B.V. and Aldwych International as co-developers, Industrial Development Corporation of South Africa (IDC), Industrial Fund for Developing Countries (IFU), Wind Power A.S. (Vestas) and Norwegian Investment Fund for Developing Countries (Norfund).
Aldwych, an Africa focused power company, will oversee the construction and operations of the power plant on behalf of LTWP.
Vestas will maintain the plant in contract with LTWP.
The wind powered electricity generated will be purchased at a fixed price by Kenya Power over a 20-year period in accordance with the signed Power Purchase Agreement.
The lead arranger of the debt financing is the African Development Bank with Standard Bank of South Africa and Nedbank Capital of South Africa as co-arrangers.
