General Electric Co. is partnering with Kenyan government and industry to develop 1,000 megawatts of power in the East African nation and is in talks with Kenya Power Ltd. (KPLL) about a power-purchase agreement. The power projects will be developed over five to 10 years.
Kenya plans to spend as much as $50 billion over the next 20 years to meet a 14 percent annual increase in electricity demand, according to the country’s Energy Regulatory Commission. Kenya, east Africa’s biggest economy, will need 16,905 megawatts annually by 2031 from 1,520 megawatts this year.
GE signed similar development agreements with the governments of Nigeria and Ghana. Under the accord with Kenya, It will develop wind-energy projects and refurbish rail locomotives in partnership with Rift Valley Railways, Ireland said.