Kenya : KenGen to receive funding from Belgium for Ngong Wind Power Project expansion - News Summed Up

Kenya : KenGen to receive funding from Belgium for Ngong Wind Power Project expansion


Updated Wed, November 23rd 2016 at 00:00 GMT +3NAIROBI: Kenya Electricity Generating Company (KenGen) will receive financing from Belgium to expand the Ngong Wind Power Project. The company - 70 per cent government-owned - entered the first financing agreement of €12 million (Sh1.3 billion) with Belgium in 2008. The Meru project, which is already in progress, has already received €120 million (Sh13 billion) funding, according to Mr Mugo. The wind power expansion plans come amid reports that there could be an increase in electricity bills from early next year. The increase will be as a result of the Government's refusal to foot the cost of the Lake Turkana Wind Power project.


Source: Standard Digital November 22, 2016 18:56 UTC



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