Uhuru assures investors of clean deals
President Uhuru Kenyatta and his deputy William Ruto during a past press briefing at State House on July 4, 2013. Photo/FILE
What you need to know:
- The Kenyan Government to continue partnering with the private sector in its development agenda.
- President urges American companies to emulate China by setting up a system which will help identify and finance companies involved in mega projects.
The government will ensure that there is transparency in undertaking key projects in the country, President Uhuru Kenyatta has said.
A statement sent to newsrooms on Tuesday said the Kenyan Government will continue partnering with the private sector in its development agenda.
"Transparency and accountability are key to the success of any economic venture," President Kenyatta said during a meeting with General Electric Company CEO Jeffrey R. Immelt at State House, Nairobi.
The President also urged American companies to emulate China by setting up a system which will help identify and finance companies involved in mega projects.
POWER PLANTS
General Electric Company is partnering with Kenyan government in setting up one of the largest wind generation project to develop 1,000 megawatts of power in the country.
The 60.8MW Kinangop Wind Park is set to come online in the middle of 2015, and is one of the several wind and geothermal projects in Kenya, where the government has pledged to ramp up output to meet growing demand for electricity.
Another plant, the 300MW Lake Turkana Wind Power project, is expected to be completed in 2016 and will overtake Kinangop as the biggest wind farm in Kenya.
The power plants are part of Kenya’s plans to fill a power supply shortfall.
Kenya plans to spend as much as $50 billion over the next 20 years to meet a 14 percent annual increase in electricity demand.
