Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
The Olkaria IV power plant commissioned by President Uhuru Kenyatta in Naivasha will add 140 megawatts of power to the national grid

Kenya

Kenya opens world’s largest geothermal plant

The Olkaria IV power plant commissioned by President Uhuru Kenyatta in Naivasha will add 140 megawatts of power to the national grid

The Olkaria IV power plant commissioned by President Uhuru Kenyatta in Naivasha will add 140 megawatts of power to the national grid

NAIROBI, Kenya, Oct 17- The cost of electricity in the country is expected to go down by 30 percent by the end of this month and 50 percent by early next year following the launch of the world’s largest geothermal power plant.

The Olkaria IV power plant commissioned by President Uhuru Kenyatta in Naivasha will add 140 megawatts of power to the national grid, effectively bringing down electricity costs.

“You cannot fight poverty if you cannot create an environment where you can create jobs. All that cannot happen if you don’t have the essentials which is energy. These investments that we are making will go a long way towards empowering our people and combat social ills that have inflicted this country over the years,” President Kenyatta said.

The Head of State says the projects and many others initiated by the government should have been completed a long time ago were it not for persistent procurement wrangles.

“If there is a procurement problem, let us deal with the procurement problem, as a procurement problem. But let’s not get courts involved because there are ten thousand different funny brokers cruising around there filing cases. Then we have the parliamentary committees stopping this program and that program, in the name of investing,” he complained.

The president said there were institutions set to investigate procurement complains which would carry out the investigations without blocking development.

“We cannot keep on with this trend of stopping major projects which would transform the lives of our people. We have to really start thinking,” he urged leaders.

His Deputy William Ruto who spoke at the same function said the government will be connecting the remaining 5,000 primary schools to electricity by April next year in preparation for the free school laptop project.

“There are real things happening. You know, we are not talking of a story here, we are talking of reality. So we want to tell Kenyans that this is not showbiz,” Ruto assured.

Last year, the government announced plans to connect the remaining 11,000 primary schools with power and so far 6,000 of them have electricity.

Advertisement. Scroll to continue reading.

The Olkaria IV project worth Sh11.5 billion is co-financed by the Kenyan government through KenGen as well as World Bank, French development agency, the European Investment Bank among others.

The project which include Olkaria I and II is being developed by KEC of India, Toyota Tshusho of Japan, Hyundai Engineering and Sinclair Knight Merz of New Zealand.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...