Kenya Power have signed a Power Purchase Agreement (PPA) with Kipeto Power Limited to develop a 100 megawatt wind energy project in Oldonyo Narok near Kiserian, Kajiado County. Supporting this project, Kipeto Power Limited has secured financing worth USD 233 million from the Overseas Private Investment Corporation (OPIC), the development finance institution of the United States government. As per the PPA, the company will be constructing, owning, operating and maintaining the wind project with Kenya Power purchasing the power generated.

This 100 MW PPA provides the Kipeto stakeholders the off take certainty needed to advance the project and provides Kenya Power with an important addition to their generation plan. The PPA has a term of 20 years after the power plant commercial operation date. Project development and construction activities will be carried out in 18 to 24 months starting November 2015.