Amu Power Company

Last updated

Amu Power Company Limited
Company type Private
IndustryElectric Power
Generation
Founded2013
Headquarters Nairobi, Kenya
Key people
Francis Njogu
Managing Director [1]
Products Electricity
Website Homepage

Amu Power Company is a power generation company based in Nairobi, Kenya. [2]

Contents

Overview

Amu Power Company was formed as a consortium between Gulf Energy and Nairobi Securities Exchange-listed Centum Investment Company Limited. [3]

The firm was awarded the tender by the Government of Kenya to develop a 981.5 Megawatt coal-fired power plant in the Manda area of Lamu County, [4] dubbed the Lamu Coal Power Station. [5] This would be the first coal power station in East Africa and the project is valued at KSh164 Billion. [6]

The coal plant is being challenged in court and fought by local activists. Lamu is a UNESCO world heritage site that is threatened by the Plant. [7] One could therefore argue the investment is in danger of failing to take off. [8]

Hindpal Jabbal, the former chairman of Energy Regulation Commission of Kenya states that the coal plant is a massive waste of public funds as capacity charges alone will cost Kenyan Taxpayers KSh360 billion (US$360 million), annually, even if no electricity is consumed· [9]

Ownership

The company is owned by a consortium whose shareholding was as depicted in the table below, as of May 2018: [10] [11]

Amu Power Company Stock Ownership
RankName of OwnerPercentage Ownership
1Centum Investment Company Limited
2Gulf Energy
3China Huadian
4Sichuan Number 3 Power Construction Company
5Sichuan Electric Power Design and Consulting Company
6 GE Power 20.00
Total100.00

Lamu Coal Power Station

Lamu Coal Power Station is a proposed 981.5 megawatt coal-fired thermal power station in Kenya, the largest economy in the East African Community. [12] The design of the coal plant, calls for the use of new and improved plant machinery, a boiler and steam turbine generator, as well as air quality control systems. The technology, built using General Electric's latest clean-coal technology, greatly reduces emission of sulfur dioxide, nitrogen oxide, and particulates (dusts) to levels comparable to gas-fired power plants. [11]

See also

References

  1. ↑ Otuki, Neville (8 June 2015). "Chinese Firm Signs KSh96 Billion Contract for Lamu Coal-Fired Electricity Plant". Business Daily Africa (Nairobi). Retrieved 11 June 2015.
  2. ↑ Otuki, Neville (21 June 2018). "Why Kenya needs to add coal to its electricity mix". Business Daily Africa . Nairobi. Retrieved 23 June 2018.
  3. ↑ Amu Power Company (17 May 2018). "About Amu Power". Nairobi: Amu Power Company Limited. Retrieved 17 May 2018.
  4. ↑ ExpoGroup (5 March 2015). "Construction of US$2 billion coal power plant in Lamu, Kenya to commence in October". ExpoGroup. Retrieved 17 May 2018.
  5. ↑ "Tribunal Backs Centum Consortium's KSh170 Billion Coal Power Plant Tender Win". The Standard (Kenya) . Nairobi. 15 January 2015. Retrieved 17 May 2018.
  6. ↑ Wasuna, Brian (14 January 2015). "Centum Wins KSh164 Billion Coal Power Plant Tender Case". Business Daily Africa . Nairobi. Retrieved 17 May 2018.
  7. ↑ The Conversation (31 May 2017). "Why Lamu coal plant does not make sense". The Star (Kenya) . Nairobi. Retrieved 17 May 2018.
  8. ↑ Ramadhan Rajab (11 June 2017). "Omtatah demands full disclosure on Lamu coal plant, says project unnecessary". The Star (Kenya) . Nairobi. Retrieved 17 May 2018.
  9. ↑ Kubania, Jacqueline (9 April 2018). "At what cost will Lamu coal power plant be to Man and Sea?". Daily Nation . Nairobi. Retrieved 17 May 2018.
  10. ↑ Senelwa, Kennedy (14 May 2016). "Kenya now securing land for Lamu coal plant". The EastAfrican . Nairobi. Retrieved 15 May 2016.
  11. 1 2 Kariuki, James (17 May 2018). "GE buys Sh40bn stake in Lamu coal plant". Business Daily Africa . Nairobi. Retrieved 17 May 2018.
  12. ↑ Kangethe, Kennedy (20 March 2014). "Kenya: Government Seeks Coal Power Plant Investors". Nairobi: 98.4 Capital FM via Africa.com . Retrieved 24 January 2015.

00°19′59″S36°25′43″E / 0.33306°S 36.42861°E / -0.33306; 36.42861

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