has pledged to return part of the carbon credit revenue to the Government of Kenya.
If the LTWP
scheme proves a success, there is also the option to develop other wind farms, either in the same area, or elsewhere in the country.
This has, however, not distracted Carlo Van Wageningen, the chairman of LTWP
, or the African Development Bank (AfDB), which is the lead debt financing arranger, with South Africa's Standard Bank and Nedbank Capital coming in as co-arrangers.
is a key deliverable under the Kenyan Government s commitment to scaling up electricity generation to 5,000 MW and to provide cost-effective renewable power to the Kenyan consumer.
will sell the electricity produced to utility company Kenya Power.
The Kenya Electricity Transmission Company Ltd (Ketraco), with concessional funding from the Spanish Government, is constructing a double circuit 400kv, 428km transmission line to deliver the LTWP
electricity along with power from other future plants to the national grid.
The chairman of LTWP
, Carlo Van Wageningen, commented: "We now look up to breaking ground by December and have the initial 50 MW running on the national grid by September 2013 and at full capacity by mid 2014.