Germany’s development bank KfW will provide sh7.4 billion for consultancy services for Kenya’s 280-MW Olkaria geothermal power project. The capital infusion will help fund an extension of the utility KenGen’s Olkaria I and Olkaria IV power station project, expected to be complete by the end of 2013.
"Development of renewable energy is excellent for development of Kenya and for the environment," remarked KFW Director General for Middle East and Africa Doris Koehn during the loan agreement signing ceremony held yesterday at KenGen offices in Nairobi.
Consultancy services for the three-year project will be provided by SKM Consultancy which includes the tendering process, construction supervision, and technical design. KenGen expects to open the bidding process this week and will close on July 26.
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