American firm denies ownership stake in Lamu coal project - News Summed Up

American firm denies ownership stake in Lamu coal project


An American firm has denied reports linking it to ownership interest in Lamu coal project. "Despite some erroneous reports in the media, GE has no ownership interest in the Lamu project," GE regional executive in Sub Sahara Africa George Njenga said in a letter. Read: Treasury budgets for Lamu coal plant despite activists’ protestsThe power project is envisioned to produce 1050 megawatts upon completion. The organisation has also raised safety concerns over the coal project, economic benefits notwithstanding. Read: Anti-coal protest: Lamu activists arrested for holding illegal assemblyMore: US Senators ask AfDB not to finance 'dangerous' Lamu coal plantClick here for the latest political news


Source: The Star February 23, 2019 09:33 UTC



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