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http://www.greeneconomyinitiative.com/news/181/ARTICLE/1487/2009-05-16.html
Kenya Gets US$405 Million for Wind Power Project
Kenya has secured US$405 million loan to finance development of wind power project. The power project is a low-cost, clean and renewable energy venture, that will help diversify the country's energy source and substitute diesel-based generation.
"The project, which is a low-cost, clean and renewable energy venture, will help diversify Kenya's energy source and substitute diesel-based generation," said, AfDB's Infrastructure Finance Division Manager, Hela Cheikhrouhou. Photo credit; Lake Turkana Wind Power consortium (LTWP).
Sat, 16 May 2009 13:33:00
Kenya has secured US$405 million loan to finance development of wind power project. The financing of the Lake Turkana Wind Power Project will be facilitated by African Development Bank (AfDB), and will add an additional 300MW of power into the national grid by 2012.
AfDB Group will facilitate the entire US$405 million, out of which, the institution intends to provide US$135 million.
The AfDB's Manager, Infrastructure Finance Division, Hela Cheikhrouhou, said, "The project, which is a low-cost, clean and renewable energy venture, will help diversify Kenya's energy source and substitute diesel-based generation."
Clean Energy
Lake Turkana Wind Power consortium (LTWP), the handler of the project, plans to provide 300 MW of clean power to Kenya's national electricity grid by taking advantage of a unique wind resource in Northwest Kenya near Lake Turkana.
LTWP will construct a "wind farm" consisting of 353 wind turbines, each with a capacity of 850 KW. The wind power project is expected to start production in June 2011 and reach full production of 300 MW by July 2012.
In March 2009, Ormat Technologies Inc. commissioned the third phase of a facility at Kenya's Olkaria geothermal plant, adding to the electricity grid 48 megawatts. And, in December 2008, AfDB approved an African Development Fund (ADF) loan of approximately US$ 78 million, to finance a key electricity project in Uganda.
Related Links
AfDB Press Release
Lake Turkana Wind Power consortium
Environmental and Social Impact Assessment Summary Report