This archive report was first published on 28 October 2019.
On October 28, 2019, President Uhuru Kenyatta's administration set a target of achieving universal electricity access by 2020, up from 70 percent in 2017.
As part of efforts to meet this goal, Kenya is racing to raise its electricity output to 5,000MW and reduce the cost of electricity for consumers by half.
Enara Capital, a China-backed investment management company, is set to establish a 40-megawatt solar power park in Kenya, with an estimated investment running into billions.
The project will be implemented alongside similar solar plants with a total capacity of 130MW, including 50MW in Kazakhstan and 40MW in Saudi Arabia.
Enara Capital aims to launch 800MW of renewable power plants within five years, both inside and outside Egypt.
The company's founder and chairman, Sherif EL Gabaly, said the Kenya project will be implemented alongside other solar plants, but did not provide timelines or the worth of the plant.
Enara Capital had not responded to questions seeking additional information by press time.
The firm serves as the exclusive investment management and project development partner of Chinese utility and power conglomerates across emerging markets.
These conglomerates have a pipeline of $2 billion (about Sh200 billion) of renewable projects under development across several countries, including Egypt, Saudi Arabia, Jordan, Kenya, Uganda, Ethiopia, Guinea, and Nigeria.
