Lamu coal power project on course – Kirubi
Investor Chris Kirubi and Mr Mworia CEO, Centum Investment.
, Centum Investment Chairman Dr Chris Kirubi says he is confident the issue of land will not delay the kick off of the construction of the 980 Megawatts coal project in Lamu.
He says they are working closely with the government to ensure the 870 acres of land needed is available on time.
“I think the land in Lamu is in plenty and we are sure the government is allocating the land we need for the plant because we don’t want to be farmers there but land to set the plant,” Kirubi said during an interview with CNBC Africa.
The plant will be set up in Manda area in Lamu County at a cost of approximately Sh180billion ($2billion).
“Centum in partnership with Gulf Energy is basically in charge of raising funds. Up to about $500 million will be raised by Centum and Gulf while the remaining will be from banks,” he said.
The coal power plant will be the largest private sector-led infrastructure project in East and Central Africa and which is expected to be operational within 21 months after the construction begin.
Amu Power Company, a firm which was formed through a joint venture between Gulf Energy and Centum Investment, is in charge of the construction.
