wazua Tue, Jul 22, 2025
Welcome Guest Search | Active Topics | Log In

LTWP Delayed by Bureaucracy
Options
Previous Topic · Next Topic
chiaroscuro
#1 Posted : Monday, June 11, 2012 8:48:12 AM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
This is a sad state of affairs:

DN: "Failure by the Government to guarantee that it will buy power generated from a wind farm being proposed for set up in Turkana, risks stalling what is being billed as the biggest wind power-producing project in Africa."

RINK: http://www.nation.co.ke/.../-/12t4uv9/-/index.html



Project website: http://ltwp.co.ke
Back to top
 Report Abusive | Report SPAM
hisah
#2 Posted : Monday, June 11, 2012 9:02:38 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Oil in turkana. Wind power in turkana. Can they go together? IMF/WB is not known to sponsor green energy over pet oil projects... I doubt GoK has the financial capacity to back wind power in this oily & semi arid area without any infrastructure. They still need those bloody IMF loans for infrastructure!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
 Report Abusive | Report SPAM
chiaroscuro
#3 Posted : Monday, June 11, 2012 1:23:09 PM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
@hisah; this is not a GoK project. It is a private sector initiative. Financing from WB is about 10% of total requirement. But WB has offered to guarantee to provide GoK with cash to buy the power in case they default.

The problem is that GoK is dragging its feet on committing to a "continuous power up-take agreement". Presummably, GoK wants to treat LTWP as an emergence supplier where they only buy from when there is a shortage....at considerably high rates!
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2025 Wazua.co.ke. All Rights Reserved.