KenGen chief executive Albert Mugo recently said the phased project will be financed by a consortium of lenders, including France’s Development Agency (AfD) and Germany’s Development Bank (KfW) – who were in the country this month to conduct a due diligence on the project before releasing funds.
“The first phase for a 50 MW-100 MW project will be financed by concessional funding which is low cost,” Mr Mugo said adding that KenGen had already installed wind masts on site which have been collecting data since 2013.
A feasibility study done two years ago found that there is enough wind resources to develop up to 400 MW from the area.
The Kengen wind farm in Meru, whose initial phase is scheduled for completion in December 2017, is tipped to be the country’s second largest wind farm after the 300-MW Turkana wind farm.
KenGen operates a 25MW wind farm in Ngong, which makes it the only producer of wind energy in the country so far.
The company is diversifying to inexpensive sources of electricity mainly wind and geothermal in a bid to cut out the high-priced diesel generated energy.