FEATURED STORY

Kenyan firm gets Sh10m grant for waste-to-energy plant

Share
Share

The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has approved a grant of Ksh 10 million (US$ 995,000) to Asticom Kenya Ltd to support the construction of a 10 megawatt (MW) grid-connected municipal waste-to-energy (WTE) plant.

The grant will fund the cost of conducting a full environmental and social impact assessment, detailed engineering designs, and provide project-related legal advisory services, as well as financial/transaction advisory services.

The project will be located in Kibera, Nairobi, and will generate electricity from municipal solid waste by converting them to biogas/ fuel ethanol. The planned diversion and use of municipal solid waste will have significant health, social and development outcomes, and will be of benefit to the inhabitants of Kibera− a community that receives 1,000 tons of municipal solid waste daily from the Nairobi County.

For instance, local dwellers will be contracted in the sorting of the municipal waste, thereby providing them with additional employment and income.

The project aligns with the Bank’s High 5 development priorities and in particular, the agenda to Light up and Power Africa, the 10-Year Strategy, the Private Sector Development Strategy (2013-2017), the Energy Sector Policy 2012, and the New Deal on Energy for Africa. It is also in line with Kenya’s National Development Plan and the African Development Bank’s Country Strategy Paper (CSP) for Kenya, which prioritises the ‘enabling of physical infrastructure to unleash inclusive growth.’

Written by
BT Reporter -

editor [at] businesstoday.co.ke

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow Us

Related Articles
Treasury CS John Mbadi
FEATURED STORY

Understanding Tax Amendment Bills: How The New Laws Will Affect Kenyans

The government has announced several amendments to the existing tax laws to...

Prime Cabinet Secretary and Cabinet Secretary for Foreign & Diaspora Affairs
FEATURED STORY

Inside Kenya’s 60 Years of Diplomatic Journey

Kenya is set to commemorate 60 years of diplomacy this week starting...

Jubilee Insurance
FEATURED STORY

Jubilee Health Insurance, Its CEO Njeri Jomo Feted

Jubilee Health Insurance has been awàrded Organization of the Year at the...

Safaricom CEO Peter Ndegwa
FEATURED STORY

Safaricom’s Impact On Society Grows 16 Times In 6 Months

Safaricom’s impact on society grew 16 times in the six-month period ending...