Kenyan tycoon to build Sh40bn Mozambique gas power plant

Tycoon Humphrey Kariuki’s Great Lakes Africa Energy (GLAE) has entered an agreement with the Mozambique government to generate electricity using natural gas for domestic use at a cost of Sh40 billion ($400 million).

The UK-based pan-African energy solution firm develops and operates power projects in southern Africa.

The agreement signed last Friday in Maputo will see the construction of a 250 megawatt (MW) gas-fired electricity generating power plant.

The agreement follows Rovuma Basin domestic gas tender whose results were announced in January 2017 with the firm clinching a Sh37.5 billion contract.

The gas concession was the second venture into the southern Africa energy sector for GLAE, established in 2013.
Offshore gas

“As part of the Mozambique government’s intended use of natural gas for the development of domestic power projects, GLAE will develop, finance, build, own and operate a 250 MW gas-fired electric generating power plant, planned in northern Mozambique,” said director Michael Kearns.

Mozambique, which has vast offshore gas resources, has decided to use some for domestic power projects to achieve sustainable economic growth.

The businessman has interests in a large number of Kenyan enterprises, which include The Hub Mall in Karen, Africa Spirits Ltd, Dalbit Petroleum, five-star Fairmont Mt Kenya Safari Club and Mt Kenya Wildlife Conservancy and Animal Orphanage.

At 250 MW, GLAE Mozambican gas-fired power plant will be one of the largest conventional sources of electricity in the country.

Zambia copper belt

GLAE also owns and operates a 105 MW power plant in the Zambia’s copper belt town of Ndola, through Ndola Energy Company Ltd (NECL) under a power purchase agreement with the Zambia Electricity Supply Corporation (ZESCO).

Phase one of the project producing 50 MW of power was completed in 2013.

In February 2017, NECL commissioned phase two adding 55 megawatt of power to the national grid.

The firm is in the process of securing additional power purchase agreements in Africa and beyond and is currently examining opportunities in Kenya, Uganda, Malawi, Zimbabwe and Democratic Republic of Congo.

Tycoon Kariuki to build Sh40bn Mozambique gas power plant


And now you'll hear these dangote fools saying that everything in Kenya is runned by a white.

this one don kolo e nid sense

Uselessness...No you can as well compare Liberia and Canada.

254tobby:
Kenyan tycoon to build Sh40bn Mozambique gas power plant

Tycoon Humphrey Kariuki’s Great Lakes Africa Energy (GLAE) has entered an agreement with the Mozambique government to generate electricity using natural gas for domestic use at a cost of Sh40 billion ($400 million).

The UK-based pan-African energy solution firm develops and operates power projects in southern Africa.

The agreement signed last Friday in Maputo will see the construction of a 250 megawatt (MW) gas-fired electricity generating power plant.

The agreement follows Rovuma Basin domestic gas tender whose results were announced in January 2017 with the firm clinching a Sh37.5 billion contract.

The gas concession was the second venture into the southern Africa energy sector for GLAE, established in 2013.
Offshore gas

“As part of the Mozambique government’s intended use of natural gas for the development of domestic power projects, GLAE will develop, finance, build, own and operate a 250 MW gas-fired electric generating power plant, planned in northern Mozambique,” said director Michael Kearns.

Mozambique, which has vast offshore gas resources, has decided to use some for domestic power projects to achieve sustainable economic growth.

The businessman has interests in a large number of Kenyan enterprises, which include The Hub Mall in Karen, Africa Spirits Ltd, Dalbit Petroleum, five-star Fairmont Mt Kenya Safari Club and Mt Kenya Wildlife Conservancy and Animal Orphanage.

At 250 MW, GLAE Mozambican gas-fired power plant will be one of the largest conventional sources of electricity in the country.

Zambia copper belt

GLAE also owns and operates a 105 MW power plant in the Zambia’s copper belt town of Ndola, through Ndola Energy Company Ltd (NECL) under a power purchase agreement with the Zambia Electricity Supply Corporation (ZESCO).

Phase one of the project producing 50 MW of power was completed in 2013.

In February 2017, NECL commissioned phase two adding 55 megawatt of power to the national grid.

The firm is in the process of securing additional power purchase agreements in Africa and beyond and is currently examining opportunities in Kenya, Uganda, Malawi, Zimbabwe and Democratic Republic of Congo.

Tycoon Kariuki to build Sh40bn Mozambique gas power plant


And now you'll hear these dangote fools saying that everything in Kenya is runned by a white.

C that no one cares about your worthless life stop drinking panadol on top Nigerian headache otherwise you would soon meet your unfortunate end

darfay:


C that no one cares about your worthless life stop drinking panadol on top Nigerian headache otherwise you would soon meet your unfortunate end

Who gives it a damn care?
Any mole called a Nigerian has never given me an headache and will never ever do so.This pride that you guys have which makes you to insinuate hatred and insults to other Africans will one time be swallowed lively with you vagabonds,no one cares about your country,its just that you're being too much over insultive,damn!!
Don't think we're dormant,we can also become infuriated!!
So stick this nonsense quote to the line of your mental retardation and ask your fellow scammers to assist you to internalize it.

254tobby:


Who gives it a damn care?
Any mole called a Nigerian has never given me an headache and will never ever do so.This pride that you guys have which makes you to insinuate hatred and insults to other Africans will one time be swallowed lively with you vagabonds,no one cares about your country,its just that you're being too much over insultive,damn!!
Don't think we're dormant,we can also become infuriated!!
So stick this nonsense quote to the line of your mental retardation and ask your fellow scammers to assist you to internalize it.

You don't care about us den fvck off nairaland b.itch

darfay:


You don't care about us den fvck off nairaland b.itch

Why should I care for scammers or drug dealers?
And since when did you become seun,or did you ask him a job for sending away people from this forum?
Am here to stay,am not going anywhere until you Learn to respect other Africans,idiot!!

254tobby:


Why should I care for scammers or drug dealers?
And since when did you become seun,or did you ask him a job for sending away people from this forum?
Am here to stay,am not going anywhere until you Learn to respect other Africans,idiot!!

You must have a miserable life to want to die on nairaland you can stay till you die and you only come to post hate comments you have never contributed on any thread that is not gravitating towards hate for Nigeria

darfay:


You must have a miserable life to want to die on nairaland you can stay till you die and you only come to post hate comments you have never contributed on any thread that is not gravitating towards hate for Nigeria

No one is spreading hatred here but its just that you guys are upset with our presence here when we defend our own especially in this thread that was started by your fellow Nigerian,you go in steam madness when we defend our country,and that's where you guys starts some silly belittlement insinuating insults,you're the guys who starts provocations!!

darfay:


You must have a miserable life to want to die on nairaland you can stay till you die and you only come to post hate comments you have never contributed on any thread that is not gravitating towards hate for Nigeria

No one is spreading hatred here but its just that you guys are upset with our presence here when we defend our own especially in this thread that was started by your fellow Nigerian,you go in steam madness when we defend our country,and that's where you guys starts some silly belittlement insinuating insults,you're the guys who starts provocations!!