Nairobi, Kenya 25 February 2015……The Lake Turkana Wind Power (LTWP) project has been rawarded another African Renewables Deal of the Year 2014 at the IJGlobal Awards 2014 Europe & Africa in London.
This recognition comes only weeks after the LTWP project was also named the African Renewables Deal of the Year 2014 by Project Finance International earlier this month.
The IJGlobal Europe & Africa Awards are a celebration of the best in class deals in energy and infrastructure over the past year.
Reading from feedback by the awards’ judging panel, host and IJGlobal editor, Sarah Tame, announced the Lake Turkana Wind Power project as winner, commenting that: “This project is a very significant project for Kenya, with its huge associated transmission infrastructure likely to be used to connect future projects to the grid.”
The Chairman of the Board at LTWP, Mugo Kibati said “We are truly delighted to receive this award. It is not only a great honor for LTWP but for Kenya as a whole.”
The Lake Turkana Wind Power project will provide 310 MW of reliable, low-cost, onshore wind power to the Republic of Kenya’s national grid, which is equivalent to approximately 20% of the current installed electricity generating capacity. The project is of significant strategic benefit to Kenya, and at KSh70 billion (€600 million) will be the largest single-private investment in Kenya’s history. The construction and long-term maintenance contracts also addressed unique challenges faced by the location of Lake Turkana, which is in one of the most remote areas of Kenya.