Intel Center 2
With EUR 94,100 Intel Center is able to connect the 7,000 workers for the Lake Turkana Wind Power project to wind energy.
€94,100
6.00%
12 months
6 months
EUR
CurrencyAmount | €94,100 |
Interest | 6.00% |
Maturity | 12 months |
Repayments | 6 months |
Currency | EUR |
The project
Robert Namu, a Kenyan entrepreneur, is the CEO of INTEL Centre – a prominent supplier of hardware IT solutions. The company started operations in 2012.
Since 2014 INTEL has been a sub-contractor of the Lake Turkana Wind Power (LTWP) project, which is the single largest private investment in Kenya’s history. The EUR 625 million project covers 162 km², comprises 365 wind turbines and is located in the remote Loiyangalani District, Marsabit County. The LTWP project has progressed according to plan and electricity is already being generated. (https://ltwp.co.ke/).
LTWP is supported by the Dutch government which provided a €10 mln grant for the rehabilitation of the access roads to the project site. Moreover, the Dutch development bank FMO has provided 35 mln in financing for the project. Read more here.
As part of LTWP a brand-new village for 7,000 workers has been constructed in the desert; INTEL has now been contracted to connect every house in the village to a fiber optic cable providing them with phone lines and access to high speed internet. Moreover, they will also get access to wind energy.
Company name | FinancialAccess |
CEO | Robert Namu |
Founded | 2012-01-01 |
Location | Nairobi |
Sector | Services |
Turnover | €706,239.46 |
Employees | 75 |
Impact
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- With this investment 10 jobs are created
- With this investment 7000 lives are improved