Kitui County woos investors in coal mining
07 October 2014, 10:29
Kitui - Kitui County on Monday challenged investors to exploit the emerging business opportunities such as coal mining in the county.
Kitui Governor Julius Malombe said the coal mining project in the county, the newly launched 1,000-acre Galana Irrigation Project in Tana River and the Lamu Port- South Sudan-Ethiopia transport corridor (LAPSSET) project, would trigger an industrial revolution, create thousands of direct jobs and put the region on a steady economic growth.
"The emerging business opportunities Kitui would generate great returns for investors because cheap industrial power will soon be generated from within our county," Malombe said when he held a meeting with Safaricom executives in Kitui.
Malombe said the Kitui mining belt of Mui Basin, Mutomo and Ikutha limestone zones had already generated massive interest from local and international investors wishing to establish manufacturing plants.
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The governor said the national government plans to extend both the Lapsset corridor and the Standard gauge railway to Mui basin by providing T-junctions at two towns in order to facilitate smooth movement of both imports and exports.
The ministry of energy is currently evaluating bids from international power producers to build a 960MW coal-fired power plant in Kitui, under the Independent Power Producer (IPP) framework.
The plant, to be built near Mui basin, where huge deposits of coal have been found, is projected to be ready for operation in next 36 months.
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