Gulf Energy Thermal Power Station

Gulf Energy Thermal Power Station, also Athi River Thermal Power Station, is a 80.32 MW (107,710 hp), heavy fuel oil-fired thermal power station in Kenya.[1]

Gulf Energy Thermal Power Station
Location of Gulf Energy Thermal Power Station in Kenya
CountryKenya
LocationAthi River
Coordinates01°27′30″S 37°00′14″E
StatusOperational
Commission dateDecember 2014
Owner(s)Gulf Energy Consortium'
Thermal power station
Primary fuelHeavy fuel oil
Power generation
Nameplate capacity80.32 MW (107,710 hp)

This power station is one of about a dozen heavy fuel-fired power stations which offer the country backup capacity as standby plants that come on-line quickly, if and when geothermal and weather-dependent hydro-power fail to provide adequate supply to the national grid.[2]

Location

The power station is located in the town of Athi River, approximately 32 kilometres (20 mi), southeast of Nairobi, the capital and largest city of Kenya, along the Nairobi–Mombasa Road.[3]

The coordinates of the power station are: 1°27'30.0"S, 37°00'14.0"E (Latitude:-1.458333; Longitude:37.003889).[4]

Overview

The power station is owned and operated by Gulf Power Limited (GPL), a special purpose vehicle company created to own and operate the business. GPL is in turn owned by a consortium of independent power developers, including Gulf Energy Limited and Noora Power Limited, two companies incorporated in Kenya.[1] In January 2019 Britam Holdings Limited, through its subsidiary, Britam Asset Managers Kenya Limited, acquired a stake in Gulf Energy Limited for a KSh1.4 billion (US$13.9 million) consideration.[5]

The power generated by this power station is sold to Kenya Power and Lighting Company, under a 20-year power purchase agreement, which expires in December 2034.[5]

Financing

This power station received funding from several international financiers including as illustrated in the table below:[1][6]

Gulf Energy Thermal Power Station Financiers
RankName of LenderLoan Amount ($ million)Percentage of Total
1International Finance Corporation21.719.38
2Standard Bank of South Africa21.719.38
3OPEC Fund for International Development31.628.21
4Gulf Power Limited37.0 (Equity)29.64
Total112.00100.00

See also

References
  1. Mugwe, David (11 November 2012). "IFC to inject Sh4.3 billion into power production". Business Daily Africa. Nairobi. Retrieved 22 January 2019.
  2. The Energy Siren (14 December 2018). "An inside look into Kenya's expensive diesel power plants". Nairobi: The Energy Siren. Retrieved 22 January 2019.
  3. Globefeed.com (22 January 2019). "Distance between Central Business District, Nairobi, KEN and Gulf Power Athi River Plant, Kenya". Globefeed.com. Retrieved 22 January 2019.
  4. Google (22 January 2019). "Location of Gulf Energy Thermal Power Station, Athi River, Kenya" (Map). Google Maps. Google. Retrieved 22 January 2019.
  5. Okoth, Edwin (22 January 2019). "Britam buys Sh1.4bn power firm stake". Business Daily Africa. Nairobi. Retrieved 22 January 2019.
  6. Staff Writer (23 June 2015). "About Gulf Power". Energy Digital. Retrieved 22 January 2019.
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