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Following feasibility and impact studies that were concluded in 2023, Eni, the Italian energy multinational conglomerate expressed interest in developing this energy infrastructure project and at four other dumpsites in the country. It awaits regulatory approvals, including from the government of Kenya and the city of Nairobi. [12]
The development of new and renewable sources of energy is one of the key projects in Kenya Vision 2030, a program launched by the former late President Mwai Kibaki to transform Kenya into a newly industrializing, middle-income country. [48] Over the past decade, Kenya has expanded its access to electricity from below 30% to over 75%. [49]
The project is of significant strategic benefit to Kenya, and at KSh70 billion (€625 million) will be the largest single private investment in Kenya’s history. With a power tariff of 7.52 Euro cents per kWh (KSH11/kWh), LTWP is one of the lowest power tariffs in Kenya along with geothermal power at KSh9.
The ownership was sold to Gideon Moi, a son of the late Daniel arap Moi, the second president of Kenya, at an undisclosed monetary consideration. [ 10 ] In April 2022, the African Development Bank (AfDB), which was considering funding this renewable energy infrastructure, withdrew its support for the project and insisted on "change of ownership ...
The power generated in Ethiopia is less expensive than that generated in Kenya, and electricity imports over the interconnector were expected to lower power prices in Kenya and promote industrial growth in the country. [2] The project was budgeted at KSh 126 billion (approximately US$1.26 billion).
Station Location Type Capacity ()Commissioned Kipevu I Thermal Power Station: Heavy fuel oil: 63: 1999 Tsavo Thermal Power Station: Heavy fuel oil: 75 [33]: 2001 Nairobi South Thermal Power Station
The World Bank began financing the Kenya Forest Service’s Natural Resources Management Project in 2007. It promised to cover $68.5 million of the project’s $78 million budget in an effort to help the KFS “improve the livelihoods of communities participating in the co-management of water and forests.”
By 2030 Kenya aims to have 5,530 MW of geothermal power or 51% of total capacity. [5] This will make it Kenya's largest source of clean energy by 2030. Geothermal power plants have a prominent place in Kenya's overarching development plans. These include the Vision 2030, the NCCAP, and the current ‘5000+ MW in 40 months initiative’.