Kenya Plans $2.9 Billion Gas Power Plant Near Mombasa Port.

The article focuses on Kenya's plan to build a 1,200-megawatt gas-fired power plant at Dongo Kundu on its east coast to increase electricity supply amid rising demand. The $2.9 billion project will involve the state-owned power utility KenGen and private investors, with transaction advisers being sought to design and structure the development. Kenya aims to nearly triple its generation capacity to 10,000 megawatts and urgently needs an additional 300 megawatts by 2027 and another 300 megawatts by 2028. The plant will use imported liquefied natural gas (LNG) since Kenya lacks domestic gas supplies, and the country plans to retire or convert its heavy fuel oil power plants to LNG by 2030 as part of a transition to cleaner energy. [Extracted from the article]