By Rogers Aghan, March 16, 2023, The Kenyan Government have signed a deal with Fortescue Future Industries (FFI) that is geared toward reinforcing their commitment to foster the development of sustainable green industries in the country.
President William Ruto, yesterday, was present during the signing of an investment agreement for the development of a 300MW green energy and fertilizer facility, using Olkaria geothermal resources in Naivasha.
Parties who signed the agreement included Cabinet secretaries for Energy and National Treasury, Davis Chirchir and Njunguna Ndung’u respectivey. FFi Executive Chairman Andrew Forrest wa also part of the agreement that took place at State House, Nairobi.
The plan looks forward to supplying electric power to Kenya’s grid, fostering the phasing out of fossil fuels and improving the country’s position as a global leader in renewable energy.
Production of fertilizer using fossil fuel is an extensive contributor to greenhouse gas emissions.
Consequently, the project and other development will influence agriculture greening and greenhouse gas reduction goals by the Kenyan government.
This project is the first involving Australia’s FFI, a subsidiary of Fortescue Metals Group. It will see FFI invest in green energy and manufacturing in the country.