M a r k e t N e w s

Kenya: Lake Turkana Wind Power signs financing agreements

Posted on : Tuesday, 19th August 2014

 After eight years in the pipeline, the 300MW Lake Turkana wind power project finally signed financing agreements worth €498m ($687m) on 24 March. The much-publicised project, described as the largest private investment in Kenyan history, has the support of a wide range of financiers, led by a revitalised African Development Bank (AfDB), but the time taken to reach financial close highlights the difficulty, even in private sector friendly Kenya, of developing a renewables project on this scale. The wind farm is expected to begin operating in early 2016,with full operation by 2019, and to produce power at Ksh9/kWh (€0.0752/kWh) and generate as much as €150m/yr in foreign exchange costs by reducing 

Source : www.archive.crossborderinformation.com
Featured Companies
  • /
  • African Business Development Association
  • /
  • TITAN Containers A/S
  • Mercury Tube Products
  • SMES Today Magazine
  • africabusiness.com
  • Your Banner HERE!

Complete List  


Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2023 Afrotrade