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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Old Mutual celebrates 177th anniversary globally, 10 years in Ghana

    Gov’t expenditure needs to be checked to help deal with inflation – ICAG

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

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    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

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    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

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Mombasa Cement to build 36 MW wind farm in Kilifi

bycitibusinessnews
January 26, 2017
in Africa, East Africa
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Mombasa Cement is set to build a 36 megawatt (MW) wind farm in Kilifi for its own use and sale to Kenya Power.

The project, which consists of 12 turbines of 3MW each, will cost an estimated Sh260 million, according to regulatory filings submitted by the cement manufacturer.

The wind park will be build on a section of the 1,200 acres of land Mombasa Cement owns in Vipingo, on which it already operates a clinker factory that feeds its main plant in Athi River.

This project is the latest in a string of wind farms being installed across the country as investors rush to cash in on Kenya Power’s appetite for cheaper electricity and the government’s undertaking to boost installed capacity.

“The electricity generated from the wind farm will be evacuated via overhead cables to an existing sub-station within Mombasa Cement premises for feeding into the national grid,” the firm says in an environmental regulatory filings.

The firm entered the cement business in 2012, and has been squaring it out for market share with rivals such as ARM Cement, Bamburi Cement, East African Portland Cement, National Cement and Savannah Cement.

Mombasa Cement’s Athi River factory has an annual capacity of 1.6 million tonnes, which is set to increase following plans to expand the Vipingo installation at a cost of Sh7.5 billion.

But even as the firm expands, it is now looking to earn revenue as an independent power producer (IPP) and extract the most value from the expansive and strategically located piece of land it owns.

“This land is at an elevation of between seven and 15 meters above the ocean and there is a steep cliff at its eastern edge towards the ocean. This makes designing of an onshore wind farm less complex,” the filings stated.

“The landscape can be characterised as flat… which makes its accessibility relatively convenient and movement of turbines during installation, service and maintenance relatively convenient.”

Kenya’s renewable energy market has recently attracted dozens of local and multinational investors, who are constructing solar farms, wind parks and geothermal wells.

This is in response to the government’s call for private investors to develop clean energy plants as part of the country’s goal to add 5,000MW to the national grid by 2020.

Lake Turkana Wind Project (LTWP), which will be the largest wind plant in Africa, is currently under construction in Marsabit and is expected to produce 310MW when completed in June 2017.

–

Credit: Business Daily

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