Energy firm, Petredec in partnership with Kenya’s Rift Gas have started the construction of a major gas plant in kenya at a cost of US$75 million.
The onshore storage and filing facility in Mombasa is expected to shake the LPG import business dominated by African Gas and Oil Ltd. It will move 12,500 tonnes monthly.
“The first phase of the project will be completed in November at a cost of Sh850 million,” said Rift Gas chairman Lt Gen (Rtd) Njuki Mwaniki.
The second phase will cost US$20 million and US$60 Million in the final phase.
“If you add the all the down-stream infrastructure in Kisumu, Rift Valley, Nairobi and Western the total foreign direct investment will hit US$75 Million direct foreign investment,” said Mwaniki.
The two firms’ joint venture – Mansa East Africa Ltd will build a storage plant of 1,000 tonnes capacity with additional 10,000 tones floating storage.
“The mounded LPG terminal will be supplied by a floating storage vessel moored at Comarco’s private port,” said Mwaniki.