USTDA Connects U.S. Businesses to Energy Opportunities in Kenya
June 28, 2018
(USTDA)
Nairobi, Kenya—Today, the U.S. Trade and Development Agency awarded a grant to
the Kenya Tea Development Agency Power (KTDA Power) Company Limited, the power
generation company of one of the largest private tea management agencies in
Kenya. As one of the world’s largest exporters of black tea, Kenya
experiences high energy costs, with unreliable power at many tea factories
across the country. USTDA’s grant supports a feasibility study on the power
requirements of KTDA tea factories and the viability of solar power and storage
systems at proposed factories.
K&M Advisors LLC (Chevy Chase, MD) will carry out the feasibility study.
This project will provide KTDA Power with access to an additional reliable
energy source separate from Kenya’s national grid, while also reducing
operating costs at tea factories.
“We are pleased to continue our partnership with KTDA Power on a project that
will support the goals of Electrify Africa,” said USTDA’s Director,
Congressional and Public Affairs, Thomas R. Hardy. “At the same time, this
project will create new opportunities for U.S. businesses looking to work in
Kenya.”
“We are excited to work with K&M Advisors to bring solar renewable
generation to our tea factories,” said Lerionka S. Tiampati, the CEO of KTDA
Holdings Limited. “We look forward to building on our previous success with
USTDA, which resulted in the development of three operational hydropower
projects and an additional seven projects that are at an advanced stage of
implementation.”
Alfonso Guzman, President of K&M Advisors said, “K&M is honored to
have been selected as advisor to KTDA Power on this project and looks forward to
helping Kenyan tea farmers expand their use of renewable energy. K&M is
also pleased to continue its successful collaboration with USTDA to promote U.S.
exports to Kenya.”
Mr. Hardy signed the grant at the AmCham ‘Big Four’ Summit with Japheth
Bulali Sayi, the General Manager at KTDA Power. CEO of KTDA Holdings Limited,
Lerionka S. Tiampati, witnessed the signing.
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