GES attracts investor to install 100MW wind power project in Kenya
30 July 2015, 14:56
Nairobi – Barely a week after Kenya hosted the 2015 Global Entrepreneurship Summit (GES) opened by US President Barack Obama, a global firm in the energy sector is set to install a wind power project worth USD 155 million in Kajiado County to benefit the country.
The General Electric (GE) Africa announced its partnership with Kipeto Energy Limited, a local firm, to establish a wind power project that would generate 100MW to boost the country’s energy sector where an estimated 80% population do not access electricity.
The USD 155 million contract for the project include installation of 60 wind turbines as well as a 15-year service agreement.
The GE Africa CEO, Jay Ireland said his firm has made significant progress in investing and developing African economies since August 2014 and their investment in Kenyan economy not only benefits the country but also boosts GE’s presence in East Africa region.
“We are exceptionally proud of the progress made against our commitment and the impact these initiatives will have on Africa’s workforce,” said Ireland.
“GE’s capability and global expertise in power generation, healthcare, rail transportation, water, oil and gas, and aviation industries allows us to play a significant role as a partner in the development of Africa,” he added.
Ireland pointed out that their expertise allows them to share knowledge and build skills in empowering local employees in critical sectors.
The Kajiado wind power project adds to an existing USD 2.5 billion new orders in transportation, oil and gas, power generation, healthcare and aviation GE Africa has received from across Sub-Saharan Africa over the last year.
Kipeto Energy Limited shareholders include Africa Infrastructure Investment Managers (AIIM), Craft Skills Wind Energy International Limited, International Finance Corporation (IFC) and the Maasai community of Kipeto region in Kajiado.
The project will be financed by Overseas Private Investment Corporation (OPIC), a US government’s development finance institute and is part of the Power Africa Initiative, as a sole lender.
GE Company has worked with the Kenya Government where it was selected in February 2015 by the Ministry of Health as a key technology partner for its wide-scale infrastructure modernisation programme aimed at transforming 98 hospitals across Kenya’s 47 counties.
The radiology modernisation contract awarded to GE Healthcare is the largest of seven tranches of the country’s USD 420 million health development plan, aimed at delivering sustainable healthcare development in line with Vision 2030 Plan.
GE is also collaborating with Gearbox and Seven Seas Technologies to bring its successful GE Garages skills building programme in the nation to help build a skilled workforce and drive entrepreneurial development.
The facility to be established Nairobi will help students, entrepreneurs, makers and other learn about advanced manufacturing processes, software programming and business development through the use of advanced manufacturing innovations like 3D printers, laser cutters and CNC mills.
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