Africa’s largest wind power project is now on course following European Union’s move to inject Sh3.5 billion to bridge a financing gap in the project.The Lake Turkana Wind Project (LTWP) will see the country’s national grid add 300 mega watts energy.
The entire LTWP is estimated to cost Sh70 billion making it one of the largest private investment projects in Kenya and also the largest single wind farm in sub-Saharan Africa.
It will involve a consortium comprising KP&P Africa B.V., Aldwych International, Industrial Development Corporation of South Africa (IDC), Industrial Fund for Developing Countries (IFU), and Norwegian Investment Fund for Developing Countries (Norfund).
Aldwych, a power company focused on Africa, will oversee the construction and operations of the power plant on behalf of LTWP. Vestas will provide the maintenance of the plant in contract with Lake Turkana Wind Project.
Kenya Power will buy the energy produced at a fixed price over a 20-year period in accordance with the signed Power Purchase Agreement (PPA). Read also: Kenya wind farm to be built early next year
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