Monday, February 25, 2013

Kenya:

Kenya Power to Use Cash Raised from Proposed Tariffs to Build New Plants (Daily Nation)


Kenya Power intends to use the funds raised from the planned tariff review to finance the set up of energy generation plants.

Kenya Power is targeting the months between March and June to raise funds for the 36 MWe OrPower4 geothermal plant, the 87 MWe Thika1 diesel plant and the Wellhead Units geothermal projects to be commissioned on March and June respectively.

The next proposed tariff review is set for July of this year to fund five other power projects; the Olkaria 1— life extension, the 16 MWe OrPower4 geothermal plant, the Athi River 1 and 2 diesel power plants and the 15 MWe Wellhead Units geothermal plant.

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