Kenya : Kenya sued by Obama-linked firm over Sh15b power project - News Summed Up

Kenya : Kenya sued by Obama-linked firm over Sh15b power project


KWP is the smallest of the four renewable power projects in Kenya that received funding following President Obama's endorsement. Others are the Sh110 billion Late Turkana Wind Power and Kipeto Wind and African Geothermal International Limited in projects worth Sh30 billion and Sh60 billion respectively. Compensation for such failed projects is calculated as a portion of the value, in this case Sh15 billion. Political risksThe Kenya Government had promised to cushion the project from political risks. Updated Thu, July 14th 2016 at 00:00 GMT +3Energy Principal Secretary Joseph NjorogeA company associated with US President Barack Obama's Power Africa initiative has sued Kenya over a Sh15 billion wind farm.


Source: Standard Digital July 13, 2016 19:41 UTC



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