Thursday, June 21, 2012

Volkswagen’s MAN to build power plant in Kenya

Germany-based Volkswagen’s MAN has agreed to build a diesel and steam driven power plant in Thika Town. This comes after a unit of Volkswagen AG-controlled MAN Diesel & Turbo SE won a contract to build the plant, which will generate about 95 megawatts of electricity to the national grid.
Thika Power Limited, a subsidiary of Lebanon’s Matelec Group will host the turnkey power station, which is expected to supply energy to the Kenya Power & Lighting Company (KPLC). The MAN diesel engines will produce 88 megawatts of electricity while the waste heat from the engines will power the steam turbines to generate a further 6.8 megawatts.
The Turnkey project that is ongoing will be in operation in 2013. For the entire press release visit MAN Diesel & Turbo website

In other news: Kenya Petroleum Refineries Ltd (KPRL) will transform from a toll refinery to a merchant refinery on 1st July of this year.
The Mombasa-based refinery has received $250 million (Ksh 21 billion) in working capital from Standard Chartered Bank to finance the upgrade.
Transformation to a merchant refinery means it will import crude oil, process and sell its product to oil marketers.

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