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Tritente Global Energy Group LLC (TGEG) signed a Memorandum of Understanding (MoU) with the Kenyan Ministry of Energy and Petroleum (MoEP) and Kenya Transmission Company Ltd. on August 4 to construct various electricity transmission lines and substations worth over USD 4 billion.
The MoU came a week after US President Barack Obama’s visit to Kenya and Ethiopia from July 24 to 28.
The signatories underlined the need to streamline the construction of transmission lines and substations so that the ambitious power generation goals of the Kenyan government are met.
Kenya is currently engaged in developing various energy projects, with the aim of generating 5,000MW in the next three years. The construction of transmission lines is a crucial factor in achieving that target.
President and CEO of Tritente Global Energy Group Paul Delkaso expressed his company’s admiration of the Kenyan government’s ambitious vision to generate power from diversified sources, primarily renewable energy, aiming to minimize Kenya’s carbon footprint.
Paul further said that the agreement will boost Kenya’s power transmitting lines and over will also create 5,000 jobs for US manufacturing industries.
Dr. Tigabu Kassa, Managing Partner at Tritente Global Energy Group, stated during the signing ceremony that it is an ideal time for TGEG to enter the Kenyan energy market because Détente Group, Ethio-American company and partner of Tristar Group–also a sister company of TGEG–had signed a contract with the Ethiopian government in December last year.
The contract signed with Ethiopian Electric Power (EEP) laid out plans for the construction of four wind farms at a cost of USD 3.6 billion.
Tristar Group (TSG) and Tritente Global Energy Group (TEGE) are Virginia-based American companies with offices in Doha, Washington, D.C. and Addis Ababa. The companies specialize in developing green energy projects and bridging technology transfer between companies and investors in the United States with government and private actors in Africag