October 27 (SeeNews) - Three investors are advancing projects for a total of 120 MW of solar power to join the grid in the Uasin Gishu county, eastern Kenya.
Each of the investors is proposing a 40 MW project to be developed under the independent power producers (IPPs) scheme with feed-in tariff that currently stands at KES 12 (USD 0.12/ EUR 0.11) per kWh.
Two of the projects, developed by Mauritius-registered Radiant Energy and Eldosol Energy Limited, are sited next to each other some 13 kilometres to the south east of Eldoret town in Uasin Gishu county.
Another solar power plant is being developed by Alten Energy Solarfarms. It will be located just 1 km east of the Radiant/Eldosol sites.
Radiant Energy and Eldosol Energy are owned by the same shareholders, which include Frontier Investment Management, Selenkei Investment Limited, Cedate Limited, Interpro International LLC and Paramount Bank.
Both projects have applied for financing with the European Investment Bank (EIB) and according to the latter's project register, both were approved by the bank's board on October 14, 2016 and may soon proceed to actually sign financing contract with EIB.
Environmental and social impact assessments (ESIAs) for the projects have been prepared and submitted to the National Environmental Management Authority (NEMA) for approval.
According to information from the Eldosol Energy ESIA, its 40 MW project will comprise 140,800 photovoltaic modules as well as a medium voltage step-up transformer (400V – 22kV) located either outdoors or in a sheltered housing structure.
The anticipated annual electricity generation is 74,968,000 MWh while the overall investment has been estimated at USD 45 million (EUR 41.2m).
Eldosol Energy will share a common substation with the neighbouring solar park of Radiant Energy.
(KES 100 = USD 0.99/ EUR 0.9)
(USD 1 = EUR 0.92)