Renewable Energy - INVESTMENT OPPORTUNITY - iDiasporan

Renewable Energy

by Marsabit County

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Description

Investment Opportunities

Marsabit County is endowed with vast wind and solar potential which can be harnessed to spur economic growth. Thus there is a huge potential in wind and solar energy. The County is searching for investors and bilateral donors to bring modern technology, expertise and management to help exploit the abundant green energy. Lake Turkana Wind Power (LTWP), which is a National Flagship Project of 300 megawatts, is found in Marsabit County.

The wind power project will cost Sh75 billion, making it arguably one of the biggest projects ever to be undertaken by the private sector in partnership.


Opportunities

  • Wind and Solar power development
  • Electronic and appliances for SMEs
  • Development of BiofuelsOil and natural gas exploration
  • Agroforestry and afforestation services
  • Growth of County’s revenue base
  • An enabler of industrial investors
  • New hydro power stations
  • Electrification and mini grids

 


  • Reasons to Invest in Marsabit County

    • Strategic Location: Has potential to be a regional trading hub. It shares a 500km border with the Populous Ethiopia. It is centrally placed and presents a huge market potential.
    • Bureaucracy: A responsive and competent County Executive working closely with County Assembly and is committed to supporting investors with information and eliminating trade and investment barriers.
    • Political stability: Marsabit is terror free. Enhanced security for investors involving the national police and police reserves and unity among leaders.
    • Labour: Plenty of skilled and unskilled human resources in addition to professional experts in various disciplines.Livestock: Traditionally the main economic activity in the County. There is untapped potential for fresh meats, live animals, milk and meat products including fresh water fishes.
    • Green Energy: Immense and unrivalled potential for wind power and solar energy as well as   potential for bio-fuels.Land: Vast virgin lands with potential for agriculture, agroforestry and irrigation and infrastructural projects like airports and industries, tourist resorts and holiday homes.
    • Mining Opportunities: Marsabit is richly endowed with mineral resources among them gemstones, copper, iron ore, beryl, nepheline, asbestos, talc, graphite, magnesium, mineral sands, limestone, rare earth minerals, soda ash and salt deposits. These are beckoning opportunities for mining investors.
    • Infrastructure: With road, rail and oil pipeline components, the Lamu Port-South Sudan- Ethiopia-Transport (LAPSSET) Corridor Project is billed as an integrated, transformative and game- changer infrastructure project by the Kenyan Government. It will strengthen Kenya’s position as a gateway and a transport and logistics hub to the East African sub-region and the Great Lakes region to facilitate trade, promote regional economic integration and interconnectivity between African countries.
    • Tourism Potential: Marsabit blends unique opportunities for cutting edge world class tourism products ranging from cultural tourism to conferencing, game drives, and prehistoric site visits to the cradle of Mankind and the scenic Lake Paradise. The big five wild animals are all here as well as camel derbies and sport fishing.
    • Green Energy: Immense and unrivalled potential for wind power and solar energy as well as potential for bio-fuels.Land: Vast virgin lands with potential for agriculture, agroforestry and irrigation and infrastructural projects like airports and industries, tourist resorts and holiday homes.
    • Mining Opportunities: Marsabit is richly endowed with mineral resources among them gemstones, copper, iron ore, beryl, nepheline, asbestos, talc, graphite, magnesium, mineral sands, limestone, rare earth minerals, soda ash and salt deposits. These are beckoning opportunities for mining investors.Infrastructure: With road, rail and oil pipeline components, the Lamu Port-South Sudan- Ethiopia-Transport (LAPSSET) Corridor Project is billed as an integrated, transformative and game- changer infrastructure project by the Kenyan Government. It will strengthen Kenya’s position as a gateway and a transport and logistics hub to the East African sub-region and the Great Lakes region to facilitate trade, promote regional economic integration and interconnectivity between African countries.
    • Tourism Potential: Marsabit blends unique opportunities for cutting edge world class tourism products ranging from cultural tourism to conferencing, game drives, and prehistoric site visits to the cradle of Mankind and the scenic Lake Paradise. The big five wild animals are all here as well as camel derbies and sport fishing.

     

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