Kenyan Electricity Generating Company PLC (KenGen) kicked off a tender for consultants to pitch feasibility study applications to build a 40 MW floating solar project at the 94 MW-generating Kamburu Dam in southern Kenya.
This choice is based on factors such as stable water levels, simplified design requirements, robust infrastructure (including road network and grid), reduced operation and maintenance costs, and more straightforward permitting processes facilitated by KenGen's ownership. Concurrently, KenGen is in the process of building a 40 MW utility-scale ground-mounted PV array at Seven Forks Cascade, situated opposite Kamburu.
The consultant is tasked with conducting an in-depth feasibility study, evaluating the technical, financial, environmental, and social viability of the Floating Photovoltaic (FPV) power plant intended for installation on the Kamburu hydropower plant reservoir. The funding for this project comes from German bilateral Financial Cooperation (FC) funds, managed by the German Development Bank (KfW). The primary goal of this assignment is to develop a comprehensive feasibility study that serves as a foundation for securing project financing and initiating negotiations for a Power Purchase Agreement (PPA).
Interested parties have until December 15, 2023, to submit their applications electronically via exficon GmbH e-procurement platform. More information about this tender can be found on our Business Opportunity page here.
Climate Finance Partnership, a fund managed by BlackRock Alternatives, has completed the acquisition of a 31.25% stake in 310 MW Lake Turkana Wind Power Project located in Kenya.
Read more
CDC, the UK’s development finance institution, and Globeleq have announced a US$66 million debt investment in Malindi Solar Group, which will finance the construction of a 52MWp solar photovoltaic power plant in Malindi , south-east Kenya.
Read moreQuantum Power East Africa GT Menengai Ltd has secured financing from the African Development Bank (AfDB) and Climate Investment Funds (CIF) Clean Technology Fund (CTF) for the 35 MW Menengai geothermal project in Kenya.
Read moreInspired Evolution has signed a deal to invest up to US$36 million in Alten RE Developments Africa B.V., the sub-Saharan Africa-focused subsidiary of Alten Energías Renovables. The investment by Inspired Evolution’s Evolution II Fund will expand Alten Africa’s existing solar photovoltaic development platform across sub-Saharan Africa.
Read moreACCIONA has signed two contracts with HOMT España as part of the project worth over €40 million (US$ 47,07 million) that the latter is executing for Kenya Electricity Transmission Company Limited (KETRACO).
Read more