Wind Wire: Kenya - Spanish loan for Nairobi wind plant

The Kenya Electricity Generating Company (KenGen) has secured a EUR20 million loan to finance a 10MW wind power project on the western outskirts of Nairobi.

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The utility is now calling for bids from Spanish companies or joint ventures to design and build the plant on the Ngong Hills and operate it during the 12-month warranty period. The deadline for bids is March 16. A 5.1MW plant on the same site came online last year (Windpower Monthly, July 2009). In a separate move, the Kenyan government announced plans to establish a $2 billion (EUR1.39 billion) revolving fund to assist private-sector investment in renewable energy generation. According to the finance ministry, the World Bank, German bank KfW, French Development Agency and the African Development Bank have agreed to support the fund, from which loans will be made to commercially viable wind energy, geothermal and biomass projects. The initiative is part of a government strategy to implement green energy projects totalling 2GW by mid-2012.

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