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American firm puts Sh50b in controversial Lamu coal plant

By Frankline Sunday | 7yrs ago
Coal reservoir. The deal will see the firm’s energy subsidiary supply generation equipment. [File, Standard]

American conglomerate General Electric (GE) has committed a Sh50 billion investment in the controversial Lamu coal plant project. 

The deal will see GE Power, the firm’s energy subsidiary, supply the Sh200 billion power plant with generation equipment in exchange for a stake in the power plant. 

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