Kenya’s renewable energy development has received a major boost after the Kenya Electricity Generating Company (KenGen) signed a Memorandum of Understanding (MoU) with the French Development Agency (AFD) underpinning funding of up to Ksh6.9 billion (60 million Euros) by the French Government for the development of the 80 MW Meru wind project.
This is a major milestone for the Kenyan economy as well as for the generation utility which has an African reputation of implementing projects quickly and at lower costs. The MoU on the project was signed this week in Paris, France, by KenGen’s Managing Director and Chief Executive Officer (MD&CEO), Eng. Mugo and the AFD Deputy Managing Director, Mr. Jacques Moineville, witnessed by Kenya’s President, His Excellency Uhuru Kenyatta and his French counterpart François Hollande in France. A loan agreement is expected to be signed by August this year.