| Gulf Energy Thermal Power Station | |
|---|---|
| Location of Gulf Energy Thermal Power Station in Kenya | |
| Country | Kenya |
| Location | Athi River |
| Coordinates | 01°27′30″S 37°00′14″E / 1.45833°S 37.00389°E / -1.45833; 37.00389 |
| Status | Operational |
| Commission date | December 2014 |
| Owner | Gulf Energy Consortium' |
| Thermal power station | |
| Primary fuel | Heavy fuel oil |
| Power generation | |
| Nameplate capacity | 80.32 MW (107,710 hp) |
| [edit on Wikidata] | |
Gulf Energy Thermal Power Station, also Athi River Thermal Power Station, is a 80.32 MW (107,710 hp), heavy fuel oil-fired thermal power station in Kenya.
This power station is one of about a dozen heavy fuel-fired power stations which offer the country backup capacity as standby plants that come on-line quickly, if and when geothermal and weather-dependent hydro-power fail to provide adequate supply to the national grid.
Location
The power station is located in the town of Athi River, approximately 32 kilometres (20 mi) southeast of Nairobi, the capital and largest city of Kenya, along the Nairobi–Mombasa Road.
The coordinates of the power station are 1°27'30.0"S, 37°00'14.0"E (Latitude:-1.458333; Longitude:37.003889).
Overview
The power station is owned and operated by Gulf Power Limited (GPL), a special purpose vehicle company created to own and operate the business. GPL is in turn owned by a consortium of independent power developers, including Gulf Energy Limited and Noora Power Limited, two companies incorporated in Kenya. In January 2019, Britam Holdings Limited, through its subsidiary, Britam Asset Managers Kenya Limited, acquired a stake in Gulf Energy Limited for a KSh1.4 billion (US$13.9 million) consideration.
The power generated by this power station is sold to Kenya Power and Lighting Company under a 20-year power purchase agreement, which expires in December 2034.
Financing
This power station received funding from several international financiers including as illustrated in the table below:
| Rank | Name of Lender | Loan Amount ($ million) | Percentage of Total |
|---|---|---|---|
| 1 | International Finance Corporation | 21.7 | 19.38 |
| 2 | Standard Bank of South Africa | 21.7 | 19.38 |
| 3 | OPEC Fund for International Development | 31.6 | 28.21 |
| 4 | Gulf Power Limited | 37.0 (Equity) | 29.64 |
| Total | 112.00 | 100.00 |
See also
References
- ^ Mugwe, David (11 November 2012). "IFC to inject Sh4.3 billion into power production". Business Daily Africa. Nairobi. Retrieved 22 January 2019.
- The Energy Siren (14 December 2018). "An inside look into Kenya's expensive diesel power plants". Nairobi: The Energy Siren. Retrieved 22 January 2019.
- Globefeed.com (22 January 2019). "Distance between Central Business District, Nairobi, KEN and Gulf Power Athi River Plant, Kenya". Globefeed.com. Retrieved 22 January 2019.
- "Location of Gulf Energy Thermal Power Station, Athi River, Kenya" (Map). Google Maps. Retrieved 22 January 2019.
- ^ Okoth, Edwin (22 January 2019). "Britam buys Sh1.4bn power firm stake". Business Daily Africa. Nairobi. Retrieved 22 January 2019.
- Staff Writer (23 June 2015). "About Gulf Power". Energy Digital. Retrieved 22 January 2019.