Centum losses more than triple to $51m
The bulk of Centum’s losses were blamed on the Two Rivers development, in which it holds 58 percent stake.
Source: theeastafrican.co.ke
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Centum writes off $16.3m invested in Lamu coal project
Centum CEO Mworia say the strategic decision was informed by the need to be “prudent’’ over the investment.
Source: theeastafrican.co.ke
How China's Ambitious Belt and Road Plans for East Africa Came Apart – The Diplomat
China’s infrastructure projects abroad often suffer from misinterpretations of the local political climate.
Source: thediplomat.com
Fresh regulatory headwinds face Lamu coal plant project
The fate of the Centum-backed Lamu coal power plant hangs in the balance after recommendations in a report presented to President Uhuru Kenyatta said its PPAs with Kenya Power had lapsed.
Source: businessdailyafrica.com
Kenya: Tribunal cancels proposed coal power project licence, says project ignored public participation & climate change legislation
Kenya: Tribunal cancels proposed coal power project licence, says project ignored public participation & climate change legislation "Tribunal cancels Lamu coal power project licence" The National Environment Tribunal has cancelled the licence issued to Amu Power Company Ltd for setting up a coal plant. The tribunal Wednesday said that the National Environment Management Authority (Nema) issued the environmental impact assessment licence to Amu Power without following the law. [The] Tribunal also faulted the coal project for omitting engineering plans and key facts of the project from publi...
Source: business-humanrights.org