By JAMES KARIUKIMore by this AuthorAmerican energy firm GE Power has bought a Sh40 billion stake in the Centum-fronted 1,050MW Lamu coal-fired electricity generation plant. GE Power’s Chief Commercial Manager Michael Keroulle’ yesterday said the deal will see the American conglomerate allocated 20 per cent shares of Amu Power. But its implementation suffered a setback after the project’s opponents filed an appeal at the Nema Tribunal in March 2016. The Amu Power boss expressed optimism that the pending appeal before the Nema Tribunal will be concluded soon to enable them embark on the project. The technology is far much better than what GE has installed in other coal-fired plants across the world,” he said.

Source: Daily Nation May 17, 2018 07:30 UTC