Wednesday, November 27, 2024

Kenyan tycoon wins Sh. 38 billion tender to build gas plant

Kenyan tycoon wins Sh. 38 billion tender to build gas plant

A Kenyan entrepreneur has won a multi billion tender to construct a gas plant in Mozambique.

Humphrey Kariuki, who owns UK-based firm GL Africa Energy won the Sh. 37.5 billion tender. He will build and operate the 250-megawatt gas-powered plant in northeastern Mozambique.

“GL Africa Energy UK is among three firms that have been selected from 14 firms that originally bid for the natural gas development projects in the Ruvuma gas basin.

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Norway’s Yara will produce fertilisers and 30-50 MW of electricity, while Shell Mozambique will produce diesel and 50-80MW of power,” the National Petroleum Institute of Mozambique said in a statement.

Mr. Kariuki interests in a large number of well-known Kenyan businesses, which include oil marketer Dalbit Petroleum, Africa Spirits Limited, WOW Beverages, Fairmont Mount Kenya Safari Club and the Hub Mall in Karen.

He was also the owner of a popular Nairobi eatery, Green Corner Restaurant.

His oil firm Dalbit has operations in a number of other African countries including Tanzania, DR Congo, Zambia and South Sudan.

NCBA

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