Sessional Paper No. 02 of 1995 on Government Guarantee of a Loan Between OEFC-Japan and Kenya Power Company Limited

Abstract

The Government the Kenya Power Company entered into contract with OECF of Japan for implementation of the Mombasa Diesel Generating Power Plant Project. The scope of work covered, Construction of approximately (75mw - 80mw) Diesel Power Plant Comprising several medium speed units of each 1 0 to 15 mw, Construction of mechanical auxiliaries, transformers switch gears, substations, panel and related facilities, Civil and Building Works, Consulting Services. The Government proposed to guarantee a loan of JY 10,716 million equivalent to Kshs 5. 32 billion at the then current exchange rate to be made to Kenya Power Company Limited by OECF