The project proposal was made in 2009 and is to be located in Kenya, at the southern end of Lake Turkana. The project has a concession area of about 150Km2 for 99 years renewable every 33 years and the project is expected to last 25-30 years. The aim of the project is to Finance Build Own and Operate (FBOO) a 300 MW wind farm beside Lake Turkana.
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The wind farm will have 353 wind turbines each with a capacity of 850 kW and it will produce an equivalent of 17% of Kenya’s current power generation capacity, with the potential to power approximately 2 million Kenyan households. The project will also Finance Build Own Operate and Transfer (FBOOT) one (1) power transmission substation, one (1) terminal substation and a 428Km, 400kV transmission line from Lake Turkana to the grid at Suswa. Most of the equipment will be imported and the route for the transfer of equipment from the port to the project site is approximately 1,200 km hence the project will also include road constructions, upgrades and adjustments. Approximately 4,000 truck loads (to and fro) will be required and transportation will be done mostly at night. The project is expected to cost 780MUSD and it will be financed through equity and commercial loans. Kenya traditionally relies on hydropower which is much cheaper than wind generated power hence the tariff is expected to be higher. Electricity generated will be purchased by Kenya Power and Lighting Company (KPLC) and distributed to consumers in Kenya. KPLC buys all the electricity generated in Kenya and handles transmission and distribution. KPLC is a monopoly hence negotiations on tariff will be tough. The United Nations (UN) pays some monetary compensation to companies for reduction in emissions of CO2. The project expects to generate average emission reductions of 919,060 tonnes of CO2 per year which translates to about 12MEuro per year of carbon credit. The project is proposing to share some of the carbon credit revenue with KPLC as part of negotiations for a favorable tariff. The LTWP is being developed by a consortium of individuals, international and local companies. The table below shows members of the consortium. Company/Individual Background/Information Anset Africa Project Development and Management Company Globeleq UK based company focussed on providing reliable power in emerging markets (Africa, America, Asia ) KP&P B.V. Development & Operation of Wind Energy Projects Mr. Willem Dolleman Dutch Kenyan Resident Mr. Henk Hutting Dutch Mr. John Thiongo Mwangi Kenyan Mr. Kasper Paardekooper Dutch Mr. Ed Schieke Belgian Mr. Chris Stanbo Norwegian Mr. Carlo Van Wageningen Italian/Dutch Mr. Harry Wassenaar Dutch The project has the following partners: Partner Background/Information Anjarwall & Khanna Kenyan corporate law firm/legal advisers Carbon Africa Carbon project development company with headquarters in Kenya German Wind Energy Institute Wind measurement and consulting services KPMG Financial Management and Auditing Mammoet Europe B.V.
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