American conglomerate General Electric (GE), will walk away from an agreement to build Lamu’s 1,050-megawatt coal-fired power plant as it shifts to renewable energy.
The move marks the latest setback for the proposed project by Amu Power, a joint venture in which Centum Investment Company is the majority shareholder with a 51 percent stake.
For more information, please see https://www.businessdailyafrica.com/bd/corporate/companies/general-electric-abandons-lamu-coal-power-plant-deal-in-policy-shift-2371944?utm_source=traqli&utm_medium=email&utm_campaign=bdafrica_newsletter&tqid=iuSnZnAqX1EBxhX8Ag6q7tlRPOUXRimwq4wW.hnhuA
