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Amu Power Lamu Coal-Fired Power Plant 1050 MW Kenya - Project Profile

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Synopsis


"Amu Power Lamu Coal-Fired Power Plant 1050 MW Kenya - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "Amu Power Lamu Coal-Fired Power Plant 1050 MW Kenya - Project Profile" is part of Timetrics database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary


Amu Power Company Ltd (Amu Power), the company formed by Gulf Energy and Centum Investment, is undertaking the construction of Coal-Fired Power Plant in Lamu, Kenya.

The project involves the construction of a coal-fired power plant on 4000ha of land with an installed capacity of 1,050MW, consisting of three 350MW units. It will include the construction of a powerhouse and substations, the installation of transformers and generators and the laying of 400kV transmission lines.

In September 2013, MoE issued expression of interest (EOI) for the companies to develop the project on build, own and operate (BOO) basis with October 25, 2013, as the EOI documents submission deadline.

In November 2013, 26 companies submitted EOI proposals for the project. Ten companies out of the 26 companies were shortlisted and they are Mitsui and Company limited, Shanxi International Electricity Group, Sinohydro Group, Shanghai Electric Power Company, Tata Power, Marubeni Corporation, Allrich International, Toyota Tsusho, Toyota power, Human Capital Investment Group.

In January 2014, the government of Kenya issued request for proposal (RFP) documents to successful bidders. In May 2014, Tata Power was disqualified from the tendering process leaving nine companies in the competition.

In September 2014, Letter of Award was issued to Gulf & Centum consortium. The consortium also includes Sichuan Electric Power Design and Consulting Company Ltd (SEDC), and Sichuan No. 3 Power Construction Company (SEPCC) and China Huadian Corporation Power Operation Company.

On January 19, 2015, project secured approval from the Public Private Partnership (PPP) Committee.

In June 2015, PowerChinas wholly owned subsidiaries Sichuan Electric Power Design and Consulting Company Ltd (SEDC), and Sichuan No. 3 Power Construction Company (SEPCC) were awarded the construction contracts.

On June 8, 2015, Industrial and Commercial Bank of China (ICBC) signed the financial service agreement for the project. According to the agreement, ICBC will arrange around US$ 900 million export credit financing and will serve as the financial advisor for the project.

The project is being funded 75% through debt and 25% equity. Amu Power acquired 352ha of land at Kwasafi in Hindi Bay of Lamu for developing the project.

In November 2016, The Energy Regulatory Commission (ERC) rejected the application for power generation license.

In February 2017, ERC approved the construction of the project.

On May 16, 2017, Amu Power and China Power Global signed US$1,900 million power-purchase agreement for the project.

In June 2017, construction activities were commenced.

The African Development Bank (AfDB) is in the process of considering to fund the project.

The construction activities are in slow phase due to legal issues.

Scope


The project involves the construction of a 1,050MW coal-fired power plant on 352ha of land in Lamu, Kenya.

The US$2,000 million project includes the following:

1. Construction of a powerhouse

2. Construction of substations

3. Installation of turbines

4. Installation of generators

5. Laying of transmission lines

Reasons To Buy


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1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix


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Reports Details

Published Date : Sep 2017
No. of Pages :10
Country :Kenya
Category :Construction
Publisher :Timetric
Report Delivery By :Email
Report Delivery Time :12 to 24 hours after placing the order.

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