Business News
Athi River Mining to join league of power vendors
Athi River Mining managing director Pradeep Paunrana (right) and incoming chairman Rick Ashley on Tuesday during the media briefing. The firm intends to sell extra electricity to Kenya Power and Lighting Company. Photo/CHRIS OJOW
Posted Tuesday, July 21 2009 at 19:30
In Summary
- Listed firm to sell 19MW from its Sh4.2bn Kaloleni coal plant to KPLC
“What is disheartening is that this cement is sold below production cost,” he said during the introduction of Mr Ashley as board chairman to reporters.
“We have a cement deficit in the region, but with companies including Athi River Mining increasing capacity soon there will be no need to import cement.”
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Importing coal from S.A? This shall require an extensive transportation system, expensive air pollution controls, and coal is a significant contributor to acid rain and global warming! Kenya signed the Kyoto Treaty! Would coal not increase CO2 output? Use clean sources of energy, like Hydro-electricity (stop cutting trees in Mau!) *
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