Kenya Steel Maker Turns to Solar to Cut Costs
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Kenya’s Jumbo Steel Mills has inked a deal with German solar financier and operator Ecoligo to deliver 4000 kWp for its main plant in Kilifi County to cut energy costs.
Ecoligo has published a notice of its intention to apply for an electric power generation licence this month to the Energy and Petroleum Regulatory Authority (EPRA). It intends to deploy the solar photovoltaic power in full to Jumbo.
Ecoligo will finance and operate the solar plant for eight years on a lease-to-own basis before transferring ownership to Jumbo. The solar firm says it takes three to nine months to build and operate a solar power plant for clients.
The solar system will provide a portion of the required energy to the energy-intensive steel p...