Kenya’s national long-term economic blue-print (Vision 2030) places energy as one of the infrastructure enablers of its socio-economic pillar. Accordingly, the government has set ambitious targets to increase current energy generation by more than 5-fold, within the next 10 years. To achieve this mark the government is encouraging private sector investment, through creating stronger enabling environment – for instance attractive feed-in-tariff and tax relief for solar products.
Foreign Direct Investment flows into Kenya for energy projects have significantly increased over the last couple of years, and the country is ranked top 5 in renewable energy investment in Africa. Among the renewable energy projects that have attracted foreign investors in the recent past include Lake Turkana Wind Park (estimated at USD 680 million) and various geothermal and solar projects.
Team Norway; the Norwegian Embassy in Nairobi and Innovation Norway East Africa, have been in discussion with the Kenyan government and other energy stakeholders, on areas of interest and value for Norwegian energy companies. Business opportunities are mainly within development of small-hydropower/wind/solar/biomass power plants, building transmission lines, and offering consultancy for engineering projects.
In line with the above ambitions, Team Norway together with other partners is organizing an Energy Week in Nairobi, Kenya from 10th – 13th September 2018. The energy week targets the energy companies from Norway and East African.
The activities lined up for the week include:
10th September – Field visit
Norwegian Embassy will host a reception at the Ambassador’s residence for the Energy Week participants
11th September – Seminar on Business Opportunities in Kenya/East Africa
12th –13th September - Conference & Exhibition at Future Energy East Africa
Tailor-made meetings to help companies get to know investment opportunities and local partners
If you are interested, please register your interest with Esther Kituyi on firstname.lastname@example.org.
Official Registration will open in June 2018.