Kenyan-Chinese consortium wins Lamu tender

12 September 2014


The government of Kenya says that the construction of a 960 MW coal-fired power plant will help the country to overcome power shortages.

The Ministry of Energy and Petroleum (MOEP) has awarded a contract for the development of the Lamu plant to an international consortium comprising two Kenyan firms and three Chinese firms. The project is expected to come on-line in 2017.

Kenya-based Centum Investment and its local partner Gulf Energy joined forces with China Huadian Corporation Power Operation Company, Sichuan Electric Power Design and Consulting Company and Sichuan No. 3 Power Construction Company to bid for the $2 billion project in the Indian Ocean coastal town of Lamu.

Centum says that the project will be funded with approximately $500 million of equity and $1.5 billion through debt. "The consortium has the proven capability to raise such funds and has already received significant interest from several major international lenders and export credit agencies," the firm said in a statement.

The Lamu plant is a major part of Kenya's push to boost power generating capacity to avert regular blackouts and support growth in East Africa's largest economy. Installed capacity currently stands at 1664 MW and the government has targeted the addition of 5000 MW by 2017.

Economic growth is expected to push power demand to 15 000 MW by 2030.



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