Kenya is set to receive $232 million from the Us Overseas Private Investment Corporation (OPIC) and Kipeto Wind Energy Company in the financing for the construction and operation of 100 megawatt grid connected wind power plant south of Nairobi.
The plant will provide a more reliable source of energy to the national grid and support the US Power Africa Initiative to double the number of people in Sub-Saharan Africa with access to electric power.
“Kenya is open for business and all we want to do is package our partnership in a way that it is mutually beneficial to you as a private sector and the people of Kenya.” said President Uhuru Kenyatta.
This comes on the back of stalled the Lake Turkana wind power with the government resulting to another contractor who commits to completing the project within next month. The wind farm is the largest in Africa with a capacity of 310 megawatts.
Kenya aims to generate 2,036 MW of wind power, or 9% of the country’s total capacity, by 2030.
The US business executives expressed their appetite to increase investments in Kenya following the assurances by President Kenyatta.
The US Govt has also signed $5 million letter of commitment to expand the distribution network of Twiga foods. President assured Twiga of his administration’s commitment to remove any hurdle that could impede their operations in Kenya.
