South Korea's Daewoo International has signed a deal to construct a US$1.3 billion power station in Kilifi County, Kenya with the Kenyan Electricity Generating Company.(KENGEN).
Kilifi is a coastal town on the northern outskirts of the port city of Mombasa, in the vicinity of recent natural gas finds offshore Kenya.
The coal-fired power station will be the largest in East Africa, with two turbines each producing 300 megawatts, the Kenyan Prime Minister's office said in a statement.
Kenya's Prime Minister Raila Odinga, is in Asia for a muilti country tour and made a stop in Seoul, on Sunday, 18th November 2012, to sign the agreement. The new power station is seen playing a key role in the Kenyan government's objective to add 14,000 MW of new power capacity by 2030.
There are also recently discovered large deposits of coal in central eastern Kenya's, Mui basin, that should act as a feed stock for this new power plant when completed by 2019.