Kaptis Hydroelectric Power Station, also Kaptis Power Station, is a planned hydroelectric power plant in
Kenya
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, with generation capacity of .
Location
The power station straddles the border of
Kakamega and
Vihiga
Vihiga is a town in Kenya located on the eastern side of the Kakamega Forest.
Geography
The town is along the road between Kisumu and Kakamega, and only five kilometres north of the equator. Vihiga bears the same name as its county, Vihiga Coun ...
Counties in Western Kenya and is located about , by road, southeast of the town of
Kakamega
Kakamega is a town in western Kenya lying about 30 km north of the Equator. It is the headquarters of Kakamega County that has a population of 1,867,579 (2019 census).
Kakamega is 52 km north of Kisumu, the tenth largest city in Ken ...
.
Overview
Kaptis Power Station is an independent power project, under development by a
consortium
A consortium (plural: consortia) is an association of two or more individuals, companies, organizations or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for ...
comprising (a) Tembo Power, based in
Ebene, Mauritius (b) Metier Private Equity International, a company based in
Sandhurst, Gauteng
Sandhurst is an extremely affluent residential area in Sandton, in the metropolitan area of Johannesburg, Gauteng
Gauteng ( ) is one of the nine provinces of South Africa. The name in Sotho-Tswana languages means 'place of gold'.
Situated ...
, South Africa and (c) WK Construction, a South African engineering and construction company, based in
Johannesburg
Johannesburg ( , , ; Zulu and xh, eGoli ), colloquially known as Jozi, Joburg, or "The City of Gold", is the largest city in South Africa, classified as a megacity, and is one of the 100 largest urban areas in the world. According to Demo ...
. The consortium that is developing the power station, also owns it, as outlined in the table below.
Funding
The
run-of-the-river hydroelectric
Hydroelectricity, or hydroelectric power, is electricity generated from hydropower (water power). Hydropower supplies one sixth of the world's electricity, almost 4500 TWh in 2020, which is more than all other renewable sources combined and ...
power plant is budgeted to cost US$44 million. The owner/developers of the power station will raise US$14 million in equity financing. The remaining US$30 million will be borrowed as arranged by the selected financial arranger, the Emerging Africa Infrastructure Fund, a subsidiary of the Private Infrastructure Development Group.
In April 2020, it was announced that the US$30 million loan would be provided jointly by the ''Finnish Fund for Industrial Cooperation Limited'' (Finnfund) and ''Ninety One SA'' (formerly Investec Asset Management), a subsidiary of the Emerging Africa Infrastructure Fund (EAIF).
Construction
It is anticipated that the project will reach financial close and construction will begin in the fourth quarter of 2020. Commercial commissioning is expected in the second half of 2022. WK Construction is expected to be the preferred civil works contractor.
See also
*
List of power stations in Kenya
References
{{Authority control
Dams in Kenya
Hydroelectric power stations in Kenya
Buildings and structures in Kenya
Kakamega County
Vihiga County