Top leadership of a US-based firm has agreed to invest KSh 400 billion in Kenya at the on-going UN General Assembly meeting in New York.
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| Uhuru with Skypower Delegation |
In July the Toronto-headquartered company signed a deal at a trade summit in Nairobi to invest $2.2 billion in developing 1 GW of solar PV capacity in Kenya. Last week, according to SkyPower CEO Kerry Adler, that pledge has been doubled to $4.4 billion following a meeting at the weekend with the U.S.-based Business Council for International Understanding (BCIU), New York, which was attended by Kenyan President Uhuru Kenyatta.
SkyPower’s Adler said that the company would also invest further sums in the development and creation of a Kenya-based solar R&D center, and will also donate some 3,600 solar street lamps to the country.
The company’s original involvement in Kenya amounted to a $2.2 billion investment pledge that was witnessed by President Obama when the U.S. premier visited Kenya earlier on this year.
This pledge was made on Saturday September 26 during a two-hour interactive session with the Business Council for International Understanding (BCIU) attended by President Uhuru Kenyatta and Cabinet Secretaries accompanying him on his New York trip.
SkyPower’s Adler said that the company would also invest further sums in the development and creation of a Kenya-based solar R&D center, and will also donate some 3,600 solar street lamps to the country.
The company’s original involvement in Kenya amounted to a $2.2 billion investment pledge that was witnessed by President Obama when the U.S. premier visited Kenya earlier on this year.
This pledge was made on Saturday September 26 during a two-hour interactive session with the Business Council for International Understanding (BCIU) attended by President Uhuru Kenyatta and Cabinet Secretaries accompanying him on his New York trip.
Courtesy of www.skypower.com and www.pv-magazine.com
