2010 Feb 22
Japan has announced plans to provide Kenya with JPY29.5bn ($375m) in yen-denominated loans to build a geothermal power plant, according to reports.
The loan, to be implemented by the end of March, will aid in the country’s climate change efforts.
Of the total amount, $320m will be given directly to this project while $55m will be used for drought responses and reforestation in the country, according to the Daily Nation.
Japan Prime Minister Yukio Hatoyama said he will give additional assistance to other areas of the country’s effort to fight climate change and in particular will help Kenya develop a nuclear power plant.
Kenya is aiming to increase input into its grid by 800MW and is witnessing increasing interest from the private sector.
Earlier this month Ormat Technologies signed a letter of intent with Kenya Power & Lighting to expand the Olkaria III geothermal power plant by up to 52MW to a total capacity of 100MW.
Read more: http://www.newenergyworldnetwork.com/renewable-energy-news/by_region/asia/japan-loans-kenya-375m-for-geothermal-power-plant.html
Want to help with Global-Warming? Please visit http://www.whiteearth.org
Want to read more about Global-Warming? Please visit http://www.christopherbeau.com
Please become a fan of the Facebook page http://www.facebook.com/pages/WhiteEarthorg/119367692642 and http://www.facebook.com/pages/WhiteEarth/165767310764
Become a friend on Facebook page http://www.facebook.com/christopherbeau
Follow me on Twitter http://www.twitter.com/christopherbeau
Become a follower of this blog
When you buy art on http://www.artsymphony.com 100% of your investment goes to sponsor WhiteEarth
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment