[Source: Business Daily, by Brian Ngugi]
Kenya is set to build a $5 billion (Sh540 billion) nuclear power plant on a site in Tana River County over the next seven years with funding from private investors.
The Kenya Nuclear Electricity Board (KNEB) in a regulatory filing with the National Environment Management Authority (Nema) revealed that the plant with an initial capacity of 1,000 megawatt (Mw) plant would be constructed through a concessionaire.
The government looks to expand the plant’s capacity fourfold by 2035 under a build, operate and transfer (BOT) model…
