Malindi Solar Power Station

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Malindi Solar Power Station
Wikimedia | © OpenStreetMap
CountryKenya
LocationMalindi, Kilifi County
Coordinates03°15′18″S 40°07′01″E / 3.25500°S 40.11694°E / -3.25500; 40.11694Coordinates: 03°15′18″S 40°07′01″E / 3.25500°S 40.11694°E / -3.25500; 40.11694
StatusUnder construction
Commission date2020 (Expected)
Construction costUS$66 Million
Owner(s)Malindi Solar Group Limited
Solar farm
TypeFlat-panel PV
Power generation
Nameplate capacity52 MW (70,000 hp)
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The Malindi Solar Power Station is a planned 52 MW (70,000 hp) solar power plant in Kenya.[1]

Location[]

The power station is located in Malindi, Kilifi County, at the Indian Ocean, approximately 116 kilometres (72 mi) by road north of Mombasa, the nearest large city.[2] This is approximately 567 kilometres (352 mi), by road, south-east of Nairobi, the country's capital and largest city.[3]

Overview[]

The power station has a 52 megawatt capacity. Its output is planned to be sold directly to the Kenya Power and Lighting Company for integration into the national grid. It is expected most of the power generated will be consumed locally, in an area with increasing energy demand, limited energy supply and an expanding population. It is also anticipated that the power station will support the creation of jobs through direct employment and indirect job creation through more consistent supply of electricity.[4] Up to 250 direct jobs are expected to be created, in addition to a further 5,600 jobs in the wider economy.[5]

Developers[]

The power station was developed by a consortium of comprising the following corporations: (a) Commonwealth Development Corporation (b) Globeleq (c) Africa Energy Development Corporation (AEDC), the originator of the project and (d) IDEA Power.[4]

Ownership[]

When completed the power station will be owned by Malindi Solar Group Limited, a special purpose vehicle company, which will operate the solar energy project. The ownership of Malindi Solar Group Limited is as illustrated in the table below:[1]

Malindi Solar Group Limited Stock Ownership
Rank Name of Owner Percentage Ownership
1 Globeleq of the United Kingdom 90.0
2 Africa Energy Development Corporation (AEDC) 10.0
Total 100.00

Construction costs, funding, and commissioning[]

The construction of the solar power plant is budgeted at US$66 million, with US$50 million sourced from the CDC Group and US$16 million sourced from Globeleq.[4] It is expected that the power station will come online in 2020.[6]

See also[]

References[]

  1. ^ Jump up to: a b Business Today Correspondent (12 July 2018). "UK Firms To Develop Sh6.7 Billion Solar Power Plant In Malindi". Nairobi: Business Today Kenya. Retrieved 1 June 2019.
  2. ^ Globefeed.com (1 June 2019). "Distance between Mombasa, Kenya and Malindi, Kenya". Globefeed.com. Retrieved 1 June 2019.
  3. ^ Globefeed.com (1 June 2019). "Distance between Nairobi, Kenya and Malindi, Kenya". Globefeed.com. Retrieved 1 June 2019.
  4. ^ Jump up to: a b c AVCA (12 July 2018). "CDC Group Invested US$50 Million In Malindi Solar Group, To Build A 52 Megawatts Solar Photovoltaic Power Plant In South-East Kenya". London: Africa Private Equity and Venture Capital Association (AVCA). Retrieved 1 June 2019.
  5. ^ Priyanka Shrestha (7 May 2019). "UK Injects £52 Million Into Solar Power Plant In Kenya". London: Energy Live News Limited. Retrieved 1 June 2019.
  6. ^ AfricaNews (3 May 2019). "Foreign Secretary Welcomes More Than £64 Million of British funding for Kenyan Industry". Congo Brazzaville: Africanews.com. Retrieved 1 June 019.

External links[]

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