“The successful completion of the project will showcase Kenya as a safe and reliable investment destination,” said the chairman.
The project was financed by seven equity partners and 14 lenders, who require annual repayment of Euros 74m for their loans.
Kibati said that construction of the wind farm was completed in January but could not produce power, because the Spanish firm contracted to develop the transmission line filed for bankruptcy.
He added that two Chinese firms took over the construction of the 428km electricity transmission line to evacuate the power and completed the infrastructure in August.
LTWP has signed a 20-year power purchase agreement with Kenya Power, the country’s sole power distributor.
Felix Rottmann, Senior Social Specialist at LTWP, said the project would have a transformative effect in remote regions in northwest Kenya.