Business Daily | by Victor Juma
American conglomerate General Electric (GE) will walk away from an agreement to build Lamu’s 1,050-megawatt coal-fired power plant as it shifts to renewable energy.
The move marks the latest setback for the proposed project by Amu Power, a joint venture in which Centum Investment Company is the majority shareholder with a 51 percent stake.
“GE announced today that it intends to exit the new-build coal power market, subject to applicable consultation requirements,” the multinational said in a press release on Monday…
