Corporate News
Peter Kithung’a, a resident of the Mui Basin in Kitui, points at the area rich in coal. . PHOTO | SALATON NJAU |
NATION MEDIA GROUP
By DAVID HERBLING
In Summary
- TransCentury has teamed up with Chinese company HydroChina and Aperture Green Power to construct a Sh11.7 billion ($130 million) wind power project in Limuru, Kiambu County.
Investment group TransCentury has deepened its stake in Kenya’s power sector with the launch of a 50-megawatt wind farm in Limuru, Kiambu County.
The Nairobi Securities Exchange-listed
infrastructure-focused firm has teamed up with Chinese company
HydroChina and Aperture Green Power to construct the Sh11.7 billion
($130 million) wind power project.
TransCentury is involved in the power project
through its subsidiary Civicon, which will offer engineering support in
installing 33 wind turbines at the firm located about 40 kilometres
north of the capital, Nairobi.
“The potential for wind energy generation in Kenya
is significant and we shall be using the Limuru Wind farm project as a
pilot programme to fine-tune our delivery capacity,” said Gachao Kiuna,
chief executive at TransCentury Group.
The wind power project adds to TransCentury’s
recent deals in geothermal and coal mining, a pointer that the company
is betting on the power sector for growth.
TransCentury was last week named among three
bidders shortlisted to exploit the controversial Mui Coal Mines in
Kitui. It made a joint bid with Continental Coal, a South African
thermal coal producer and Russian firm Power Machines OJSC.
Civicon is also part of a consortium developing 35
MW of steam power at Menengai geothermal field. The company is
constructing the power plant for New York Stock Exchange-listed Ormat
Technologies.
TransCentury’s engineering and construction
services unit Civicon last month began construction of the 300 MW Lake
Turkana Wind Power Project that involves 365 wind turbines each with a
capacity to generate 850 kW of powe
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