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Standard Bank Group has signed a deal with independent power producer Aeolus Kenya to build a US$150mn wind power plant in Kenya
Aeolus Kenya (AKL) is a member of the Power Africa initiative led by the United States President Barack Obama which is developing several wind, geothermal and gas-fired power projects in the East African region.
AKL’s landmark project, the 60.8MW Kinangop Wind Park, will be its first in a strategic pipeline of projects.
The company’s chief executive officer and director Richard Herbert and managing director Jenny Fletcher said in a joint statement, “The development of this ground breaking large scale wind park has been a challenging and rewarding process and we look forward to continuing our strong relationships with the Kenyan Government, and our local and international partners in realising Kenya’s Vision 2030 goals.”
Kinangop Wind Park will add a further 60MW to Kenya’s 1,672MW national power grid.
The power plant which will be built in Kinangop Plateau in central Kenya and will provide electricity to 150,000 Kenyan households.