The Lake Turkana Wind Power Project was commissioned in March 2014 and is estimated to cost Sh70 billion. PHOTO | FILE
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The Danish power firm sold the 365 wind turbines with a combined capacity of 310 megawatts in December, which accounted for 13.75 per cent of all orders made as measured by capacity.
The 2014 annual report says it sold wind turbines with a combined capacity of 2,254 megawatts in the last three months of 2014.
Lake Turkana Wind Project (LTWP) order for 365 wind turbines, the largest single order for power firm Vestas, accounted for 13.75 per cent of sales made in its last quarter of 2014.
The Danish power firm sold the 365 wind turbines with a combined capacity of 310 megawatts in December, which accounted for 13.75 per cent of all orders made as measured by capacity.
The 2014 annual report says it sold wind turbines with a combined capacity of 2,254 megawatts in the last three months of 2014.
“US, Kenya, Poland and Germany were the main contributors to order intake in quarter four 2014, accounting for almost 60 per cent,” said an investor presentation by Vestas.
The firm declined to disclose the value of the sales order but the project, the largest wind farm in Africa, will cost Sh70 billion.
The project is being financed through a mixture of debt and equity and the agreements with investors were concluded in December.
A consortium that includes KP&P BV Africa, Aldwych International Limited, Vestas, Norfund, Finnfund and the Danish Investment Fund for Developing Countries is financing the project.
The government estimates demand for energy will reach 18,000 megawatts by 2030 and to fill the gap the Energy ministry has set an initial target of 5,000 megawatts by 2017, part of which will come from LTWP.
The government is also keen on the oil and gas sector as an alternative source of power.
“Explorations for electricity generation from natural gas, especially from recently discovered gas in northern Kenya are also being pursued to boost the country’s power base to meet ever growing demand for electricity utility,” says an Environmental Impact Assessment report.
KenGen, Centum and TransCentury are the listed firms putting up power plants while State-owned enterprises such as Kenya Electricity Transmission Company have begun building supporting infrastructure such as transmission lines to cater for the expected demand.
Centum is constructing a 1,000-megawatt coal-fired power plant in Lamu while TransCentury is putting up a 50-megawatt wind plant in Limuru, Kiambu County.
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