Ground-breaking has taken place at one of six green investment projects in Kenya, as part of the country’s strategic partnership with the UK. The Menengai geothermal power plant – worth KES500 billion ($3.59bn) – was one of the projects fast-tracked by President William Ruto and his British counterpart Rishi Sunak at the COP27 climate summit. The project will be led by Globeleq, a UK company backed by British International Investment. Exactly a month after the summit in Egypt, construction began at Nairobi Railway City – a green rail-centred urban regeneration project in central Nairobi. Green investment projects aimed at lowering electricity costs“At the UK-hosted G7 in Carbis Bay two years ago, world leaders committed to build a new Global Partnership for Infrastructure.

Source: The North Africa Journal June 09, 2023 12:12 UTC