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GE buys Sh40bn stake in Lamu coal plant

General Electric chief commercial officer Steam Power Michael Keroulle (right), Amu Power Company CEO Francis Njogu (centre) and General Electric Power regional executive sub-Sahara Africa George Njenga at Intercontinental Hotel in Nairobi on May 16, 2018 after signing partnership agreement. PHOTO | EVANS HABIL | NMG

By  JAMES KARIUKI

American energy firm GE Power has bought a Sh40 billion stake in the Centum-fronted 1,050MW Lamu coal-fired electricity generation plant.

GE Power’s Chief Commercial Manager Michael Keroulle’ yesterday said the deal will see the American conglomerate allocated 20 per cent shares of Amu Power.

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