Amu Power Company
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| Company type | Private |
|---|---|
| Industry | Electric Power Generation |
| Founded | 2013 |
| Headquarters | Nairobi, Kenya |
Key people | Francis Njogu Managing Director[1] |
| Products | Electricity |
| Website | Homepage |
Amu Power Company is a power generation company based in Nairobi, Kenya.[2]
Amu Power Company was formed as a consortium between Gulf Energy and Nairobi Securities Exchange-listed Centum Investment Company Limited.[3]
The firm was awarded the tender by the Government of Kenya to develop a 981.5 Megawatt coal-fired power plant in the Manda area of Lamu County,[4] dubbed the Lamu Coal Power Station.[5] This would be the first coal power station in East Africa and the project is valued at KSh164 Billion.[6]
The coal plant is being challenged in court and fought by local activists. Lamu is a UNESCO world heritage site that is threatened by the Plant.[7] One could therefore argue the investment is in danger of failing to take off.[8]
Hindpal Jabbal, the former chairman of Energy Regulation Commission of Kenya states that the coal plant is a massive waste of public funds as capacity charges alone will cost Kenyan Taxpayers KSh360 billion (US$360 million), annually, even if no electricity is consumed·[9]
Ownership
The company is owned by a consortium whose shareholding was as depicted in the table below, as of May 2018:[10][11]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Centum Investment Company Limited | |
| 2 | Gulf Energy | |
| 3 | China Huadian | |
| 4 | Sichuan Number 3 Power Construction Company | |
| 5 | Sichuan Electric Power Design and Consulting Company | |
| 6 | GE Power | 20.00 |
| Total | 100.00 | |
Lamu Coal Power Station
Lamu Coal Power Station is a proposed 981.5 megawatt coal-fired thermal power station in Kenya, the largest economy in the East African Community.[12] The design of the coal plant, calls for the use of new and improved plant machinery, a boiler and steam turbine generator, as well as air quality control systems. The technology, built using General Electric's latest clean-coal technology, greatly reduces emission of sulfur dioxide, nitrogen oxide, and particulates (dusts) to levels comparable to gas-fired power plants.[11]
