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==Construction timeline, costs and funding== |
==Construction timeline, costs and funding== |
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The cost of construction was budgeted at US$45 million. In 2018, the [[European Investment Bank]] approved a loan of US$37.5 million towards the construction of this power station. The developer/owners will raise the difference (approximately US$7.5 million). An equal loan amount was also approved for Radiant Energy Solar Power Station, by the same lender, on similar terms.<ref name=" |
The cost of construction was budgeted at US$45 million. In 2018, the [[European Investment Bank]] approved a loan of US$37.5 million towards the construction of this power station. The developer/owners will raise the difference (approximately US$7.5 million). An equal loan amount was also approved for Radiant Energy Solar Power Station, by the same lender, on similar terms.<ref name="3R">{{cite web|date=6 February 2018 |title=Kenyan firms to get US $75m funding for solar power plants projects | url=https://constructionreviewonline.com/2018/02/kenyan-firms-get-us-75m-funding-solar-power-plants-projects/ |access-date=2 May 2019 |publisher=Construction Review Online |first=Moreen | last=Mbogo |location=Nairobi}}</ref> |
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==See also== |
==See also== |
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Eldosol Solar Power Station
| Eldosol Solar Power Station | |
|---|---|
 Location of Eldosol Solar Power Station Placement on map is approximate | |
| Coordinates | 00°25′32″N 35°21′37″E / 0.42556°N 35.36028°E |
| Status | Under construction |
| Construction began | 2018 |
| Commission date | 2020 (Expected) |
| Solar farm | |
| Type | Flat-panel PV |
| Power generation | |
| Nameplate capacity | 40 megawatts (54,000 hp) |
Eldosol Solar Power Station, also Eldoret Solar Power Station, is a 40 megawatts (54,000 hp) solar power plant, under construction in Kenya, the largest economy in the East African Community.[1]
Location
The power station is located in Uasin Gishu County, in the Western part of Kenya, approximately approximately 13 kilometres (8 mi) by road, south east of the city of Eldoret. This site lies adjacent to Radiant Energy Solar Power Station.[2]
Overview
The power station has a capacity of 40 megawatts, to be sold directly to the Kenya Power and Lighting Company for integration in the national electricity grid. The electricity is evacuated via a substation near the power station, connected to a high voltage transmission line that passes near the power station.[1] The power station comprises 140,800 photovoltaic modules aand a medium voltage step-up transformer (400V – 22kV). The anticipated annual electricity generation is 74,968,000 MWh.[2]
Developers
The power station is under devewas developed by a consortium comprising the entities listed in the table below. The developers also own the power station, as well as the adjacent 40 megawatt Radiant Energy Solar Power Plant.[2]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Frontier Investment Management | |
| 2 | Selenkei Investment Limited | |
| 3 | Cedate Limited | |
| 4 | Interpro International LLC | |
| 5 | Paramount Universal Bank | |
| Total | 100.00 |
Construction timeline, costs and funding
The cost of construction was budgeted at US$45 million. In 2018, the European Investment Bank approved a loan of US$37.5 million towards the construction of this power station. The developer/owners will raise the difference (approximately US$7.5 million). An equal loan amount was also approved for Radiant Energy Solar Power Station, by the same lender, on similar terms.[3]
See also
References
- ^ a b Frontier Denmark (2018). "Eldosol Solar PV Project – Kenya". Copenhagen: Frontier Investment Management ApS. Retrieved 2 May 2019.
- ^ a b c Renewables Now (27 October 2018). "Three investors advance 120 MW solar power projects in Kenya". Renewablesnow.com. Retrieved 2 May 2019.
- ^ Mbogo, Moreen (6 February 2018). "Kenyan firms to get US $75m funding for solar power plants projects". Nairobi: Construction Review Online. Retrieved 2 May 2019.
External links
- [ ]
Category:Solar power stations in Kenya Category:Eldoret Category:Uasin Gishu County