Amu Power signs Sh50bn deal with GE for Lamu coal power - 9 months ago, 16 Maý 19:01
Amu Power has signed a Sh50 billion deal with American conglomerate General Electric (GE) to design, construct and maintain the 1050 megawatt coal power plant in Lamu.
The deal will also see the American firm take up shareholding in the Amu Power as it pushes to develop an environmentally friendly and efficient coal power plant.
Two years since being awarded the Sh200 billion coal power project, the first in Kenya, Amu Power is yet to get a green light from the national environment tribunal to commence construction.
Concerns over coal as a source of power have dogged the project with Lamu residents fighting the project at every turn.
To allay fears and get community and regulatory buy in, Amu is hoping the deal with General Electric which is fronting itself as a developer of clean and efficient coal power production technology will get community and environmental buy in.
Announcing the deal on Wednesday, Amu Power ...
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