Kenya’s Amu Power is set to own and operate one of the most technologically advanced coal fired plants in the world following a high profile deal with General Electric (GE), the famous American multinational conglomerate.
Gulf Energy, the developer of a Kenya-based 1050 megawatt (MW) Lamu Coal Power Plant, announced a Clean Coal Technology agreement with General Electric this week.
The deal will see the plant use GE’s Ultra-Supercritical Clean Coal Technology, making it one of the most technologically advanced coal fired power plants in the world.
Amu Power is the special purpose company that will own and operate the 1,050 MW coal fired power plant in Lamu County, Kenya, under a Public Private Partnership (PPP) agreement.
Amu Power is the largest private sector led infrastructure project in East and Central Africa.
The agreement was signed in Kenya’s capital of Nairobi in the presence of Charles Keter, the country’s Cabinet Secretary, Ministry of Energy (MoE); Dr. Eng. Joseph Njoroge, the Principal Secretary for the State Department of Energy; Mr. Jim Rigassio, the Commercial Counsellor in the US Embassy in Kenya; Mr. Pushpinder Dhillon, the Counsellor for Economic Affairs in the US Embassy in Kenya; by the Managing Director of Amu Power Company Limited, Mr. Francis Njogu; and Mr. Jay Ireland the President and CEO for GE Africa.
Others in attendance included the Ministry’s staff, Amu Power staff and GE staff.
The Agreement will also see GE, through its affiliates, acquire a stake in the equity of Amu Power, subject to obtaining regulatory, board and lenders’ approval. Under the Agreement, GE Power – a GE subsidiary – will design, manufacture and deliver its market-leading Ultra Super-Critical clean coal technology components for the Lamu Coal Power Plant.
“This is truly a historic moment for Kenya and the East African region as a whole. We are confident that this partnership forged today will go a long way to position Kenya as an Industrial hub in the continent,” said Francis Njogu, Amu Power Managing Director.
“Kenya has been looking for ways to enhance its generation mix to provide the most efficient, least-cost and reliable power in a sustainable manner; and the technology offered by GE gives us a unique opportunity to achieve this ambition,” he added.
The Lamu Coal Fired Power Plant will be a key player in supporting the realization of the Government of Kenya’s development agenda, specifically in the manufacturing sector by providing steady, reliable and affordable power.
The organisations believe that the energy sector’s growth will create new employment opportunities every year.