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Kenyan solar energy firm inks 40 MW power deal with state-run utility

Power News - Published on Mon, 04 Jun 2018

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Reuters reported that a private Kenyan power firm has signed a 20-year deal to sell 40 megawatts it will generate from a solar plant it is building to the East African nation's state-run distributor. Ms Khilna Dodhia CEO said in an interview that Kenergy Renewables signed the agreement to sell the electricity to Kenya Power at USD 0.08 per kilowatt hour,

She told that the company requires a letter of support from the government which will provide clarity on when the plant will become operational. She added that "Once you secure a PPA (power purchase agreement) that's a sign you are on your way. But lenders require a letter of support from government to green light funding.”

Ms Dodhia did not say what the total cost of the project would be, but said they typically cost USD 60 to USD 70 million.

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Posted By : Amom Remju on Mon, 04 Jun 2018
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