32.8 C
Sunday, October 24, 2021

Laikipia County to construct a $56Bn Solar Power plant

Laikipia County government has signed a memorandum of understanding (MoU) to initiate the construction of a 40 Mega-Watt solar power plant Rumuruti Township.

The MoU was signed by Laikipia Governor Ndiritu Muriithi and Kenergy Renewables Company Chief Executive Officer Ms. Khilna Dodhia.

According to reports, close to US $58bn will be splashed to the project, which is estimated to take 10 months. The 300-acre piece of land will be provided by the county government.

Ms. Dodhia said that her company would bear the costs of production while the county will be required to provide the needed permits for the energy plant.

The Laikipia county boss said that they have committed themselves as a government to be useful to investors by adding value to the investment processes to the fulfillment of those who seek to establish businesses in Laikipia.

“We are very pleased to work with the County government of Laikipia on this project following their devotion to providing an investment-friendly framework,” said Ms. Dodhia.

Uzalendo Newshttps://uzalendonews.co.ke/
Do you have a story that would interest our readers? Write to us 'info@uzalendonews.co.ke'
Latest news
Related news