Lake Turkana Wind Power Limited
- Region: Africa
- Country: Kenya
- Sector: Energy - wind
- Year: 2013
- Domicile: Kenya
- Instrument: Loan
- Commitment (MNOK) as of 22.12.2017: 13.5
- Original Commitment (MNOK): 108.3
Lake Turkana is a 310 MW wind power project under construction in northern Kenya. KLP Norfund Invest has provided 12,5% of the equity required for the project, and Norfund has provided a supporting guarantee. The project is under construction and expects to be complete in 2017.
The Lake Turkana Wind Power Project (LTWP) aims to provide 310MW of reliable, low-cost wind power to the Kenya national grid, equivalent to approximately 20% of the current installed electricity generating capacity. The Project is of significant strategic benefit to Kenya, and at more than €620 million will be the largest single private investment in Kenya’s history. The wind farm site, covering 40,000 acres (162km2), is located in Loyangalani District, Marsabit West County, in north-eastern Kenya, approximately 50km north of South Horr Township.
A complex project
The project will comprise 365 wind turbines (each with a capacity of 850 kW), the associated overhead electric grid collection system and a high voltage substation. The Project also includes upgrading of the existing road from Laisamis to the wind farm site, a distance of approximately 204km, as well as an access road network in and around the site for construction, operations and maintenance.
The Kenya Electricity Transmission Company Ltd (Ketraco) is constructing a double circuit 400kv, 428km transmission line to deliver the LTWP electricity along with power from other future plants to the national grid.
The power produced will be bought at a fixed price by Kenya Power (KPLC) over a 20-year period in accordance with the signed Power Purchase Agreement (PPA).
Norfund is now invested both directly (12.9 MNOK) and through KLP Norfund Investments AS.