General Electric Company (GE), a global manufacturer of large-scale industrial products has announced plans to pump over $100 million into the building of two wind power projects in Kenya starting next year.
Africa’s GE President Jay Ireland said that the company is in the final stages of negotiations with Kenya Power on the issue of a Power Purchase Agreement (PPA). He said the company plans to generate close to 150 Megawatts in the projects at Kinangop.
“The project is in Kinangop area and we have been working on its development for the last two years. I am not sure we are going to finish late next year, if not, will be early 2014, but as soon as we can, the better, because its power that we need”, said Ireland.
“I would say, the project is in the 100 million dollar range. We have started with two wind projects and we are now working with KPCL to finalize the negotiations on PPA. We will probably break ground next year,” said Ireland.
“We can’t produce huge power within two years, which may take time. But our dream is to eventually produce over 1,000 Megawatts over several years”, he added.
General Electric has also announced plans to invest in the railway sector in the country during the same period.
“We are working with RVR (Rift Valley Railways), Kenya Railways to try and help them improve their capabilities, our focus will be to provide high class freight locomotives among other machinery,” he said.
General Electric has its footprints in 35 countries in Africa including, Angola, Congo, Ghana, Kenya, South Africa, Tanzania among others.