Iberdrola Ingenieria wins EUR 85m wind farm construction in Kenya

Oct 21, 2013 - Spanish engineering firm Iberdrola Ingenieria has signed an EUR 85 million (USD 116.2m) turnkey agreement for the construction of a 61 MW wind farm in Kenya, parent Iberdrola (MCE:IBE) said in a statement on Friday.

The Spanish firm, thus, will handle engineering, procurement, construction and commissioning works at the facility, to be equipped with a total of 38 wind turbines manufactured by General Electric (NYSE:GE).

The facility will be located 40 km (25 miles) northwest of Nairobi and will be owned by the Macquarie (ASX:MQG) and Old Mutual (LON:OML) sponsored African Infrastructure Investment Fund II and the Norwegian investment fund for developing countries Norfund.

The project is expected to strengthen the business of the company in Kenya, where Iberdrola Ingenieria is currently running two projects, with a combined value of EUR 65 million.

Iberdrola's unit is in charge of the construction of the 13.6 MW Ngong II wind farm in Kenya, as well as of the Nairobi Ring project, a large-scale grid upgrade scheme for Kenya Electricity Transmission (Ketraco).

(EUR 1.0 = USD 1.368)

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