Malindi Solar Power Station


The Malindi Solar Power Station is a planned solar power plant in Kenya.

Location

The power station is located in Malindi, Kilifi County, at the Indian Ocean, approximately by road north of Mombasa, the nearest large city. This is approximately, by road, south-east of Nairobi, the country's capital and largest city.

Overview

The power station has a 52 megawatt capacity. Its output is planned to be sold directly to the Kenya Power and Lighting Company for integration into the national grid. It is expected most of the power generated will be consumed locally, in an area with increasing energy demand, limited energy supply and an expanding population. It is also anticipated that the power station will support the creation of jobs through direct employment and indirect job creation through more consistent supply of electricity. Up to 250 direct jobs are expected to be created, in addition to a further 5,600 jobs in the wider economy.

Developers

The power station was developed by a consortium of comprising the following corporations: Commonwealth Development Corporation Globeleq Africa Energy Development Corporation, the originator of the project and IDEA Power.

Ownership

When completed the power station will be owned by Malindi Solar Group Limited, a special purpose vehicle company, which will operate the solar energy project. The ownership of Malindi Solar Group Limited is as illustrated in the table below:
RankName of OwnerPercentage Ownership
1Globeleq of the United Kingdom90.0
2Africa Energy Development Corporation 10.0
Total100.00

Construction costs, funding, and commissioning

The construction of the solar power plant is budgeted at US$66 million, with US$50 million sourced from the CDC Group and US$16 million sourced from Globeleq. It is expected that the power station will come online in 2020.