Turkana power project not gone with the wind
19 October 2012, 12:22
Turkana - Despite the lack of a guarantor, the African Development Bank (AfDB) has assured Kenya that it is still committed to funding the close to KES 68 billion Lake Turkana Wind Power Project (LTWP).
In a statement to Capital News, AfDB Regional Director Gabriel Negatu said that the bank is currently looking at ways of getting other guarantors for the project after the World Bank became reluctant on the matter delaying the process.
Earlier, the government had turned to the World Bank to request for the support after the financiers said that one of the conditions to funding the project was getting partial risk guarantee.
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