The county government of Baringo today entered a multimillion partnership deal with an American based company which are seeking to invest in Solar powered energy. Taylor Brown Consulting Group,which is a company in the United States will invest up to Kshs 500,000 in the renewable energy which is set to commence it’s operations as from
Taylor Brown Consulting Group,which is a company in the United States will invest up to Kshs 500,000 in the renewable energy which is set to commence it’s operations as from January 2017.
Business officer, Mitchelle Brown ,while addressing the press said that they are targeting to generate 200 Mega Watts of solar power. “This will go along way in generating energy which is also affordable and at the same time creating job opportunities for the locals” said MS Brown.
She further revealed that, her company will also be investing in other potential areas within the vast county.
After the signing of the memorandum of understanding ,Baringo county Governor Benjamin Cheboi lauded the foreign investors for choosing to invest in Baringo.
“Renewable energy is more cost effective and it will also help secure our environment which will result to availability of sufficient water in every region” he said.
Additionally, cheboi said that the first phase of the energy production will start at 40 megawatts as it progresses.
Cheboi said that, this, will open doors for more investors to opt for the county as their investment destination. Moreover, he added that the county’s economy will skyrocket as more business ventures will be making their way to the county, hence creating employment opportunities for quite a number of jobless youth.
“Solar energy in Baringo is limitless and it’s a natural resource which we should exploit to our maximum potential” Cheboi added.
The county boss further urged the investors to also try their hand in geothermal energy exploration in the county.
The company will start a feasibility test as soon as they get a sale agreement from the national government.