Kenyan construction materials manufacturer Devki Group has signed a 25.5 billion Kenyan shillings ($250.9 million) agreement with Chinese waste heat power generation projects operator Sinoma Energy.
Under the agreement, Sinoma Energy will power Devki Group’s raw steel processor and the new Athi River cement clinker plant.
Sinoma Energy said that it will power the kiln waste-heat project at Devki’s new cement facility and also power Devki’s new $447.8 million steel plant in Kilifi that will be constructed over a period of 20 months to produce 53.5 megawatts.
Devki and its funding partners will commit $196.6 million in the initial phase of the plant that is expected to create 1,600 direct jobs and 9,000 indirect jobs in related activities such as mining and transportation when it begins production in 2020.