Page 12 - AfrElec Week 48 2022

AfrElec RENEWABLES AfrElec

KenGen to install 30 EV

charging stations

KENYA KENYA’S largest power producer has announced “I am glad to announce that in the next one
plans to install about 30 electric vehicle charging year, we plan to roll out about 30 EV charging
stations across the country next year as part of stations in major cities across the country. The
the government’s push for e-mobility. four acquired EVs we are launching today will
Kenya Electricity Generating Company give the company first-hand experience and
(KenGen) also unveiled four electric vehicles, data,” he said.
two SUVs and two double-cabin pickups, which The development is part of KenGen’s envi-
it said will be used for data collection and policy ronmental and economic sustainability plan to
development, as it transitions its fleet to EVs. reduce global greenhouse gas (GHG) emissions
Speaking during the launch, KenGen Acting by inspiring confidence for wider EV adoption
Managing Director and CEO, Abraham Serem, across the East African country.
noted that the pilot EV units would give them a KenGen has two EV charging stations in Nai-
comprehensive analysis of the feasibility of the robi and Naivasha which are not yet open to the
transition and provide insights on initial tech- public and plans to install an additional three by
nology choices for electric charging infrastruc- end of 2023, in Murang’a, Embu, and Kisumu.™
ture in the country.

AMEA Power to develop two 500-

MW green projects in Egypt

EGYPT DUBAI-BASED developer, owner and operator is being provided by a consortium of banks,
of renewable energy projects AMEA Power has including Japan Bank for International Coop-
reached financial close to deliver two renewable eration (JBIC) and IFC, together with Standard
energy projects in Egypt with a total of 1GW Chartered Bank, Commercial International
electricity generation capacity. Bank, Sumitomo Mitsui Banking Corporation,
AMEA Power will develop, own and operate and Sumitomo Mitsui Trust Bank participating
the 500MW solar PV plant located in Aswan as co-lenders under Nippon Export and Invest-
governorate. The project is being financed by ment Insurance (NEXI) cover.
International Finance Corporation (IFC), the Both projects have already secured Power
private sector arm of the World Bank Group; Purchase Agreements (PPAs) with the Egyptian
Dutch Entrepreneurial Development Bank Electricity Transmission Company (EETC) and
(FMO); and the Japan International Coopera- Usufruct Agreements with the New and Renew-
tion Agency (JICA). able Energy Authority (NREA). Moreover, the
It will also develop a 500MW wind farm project benefits from a sovereign guarantee
located in the Red Sea governorate in partner- issued by the Ministry of Finance to fulfil EETC’s
ship with Japan’s Sumitomo Corporation, which uptake commitments.™
will own 40% equity in the project. Financing

P12 www. NEWSBASE .com Week 48 30•November•2022