US firms get more time on Obama power plan (Kenya)

By Brian Ngugi | Business Daily, Kenya October 5, 2017

The US government has extended the applications deadline for proposals to sponsor clean power projects in Kenya until later this month.

The American government has since July this year been scouting for renewable energy projects in Kenya and across Africa under the Power Africa programme started by former US president Barack Obama.

US firms now have up to October 20 to apply to receive equity financing, grants and technical assistance.

“In July, the US Trade and Development Agency (USTDA) announced a call for initial proposals from project sponsors in sub-Saharan Africa or US companies working with African project sponsors,” said the American agency in a statement.

“Given the volume of demand, USTDA is extending the deadline for submissions to Friday, October 20, 2017. USTDA will begin evaluations of initial proposals already received and will be in touch with those who submitted them.”

Washington is targeting to bankroll green energy projects such as geothermal, solar, wind, and biomass, to light up homes and power enterprises in Africa.

USTDA is the body implementing Power Africa and the US Africa Clean Energy Finance programmes, which seek to increase access to electricity and support private sector investments.

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