Chinese solar panel makers may bulk up in Africa after China finishes
building one of the biggest solar power stations on the continent.
Chinese solar panel makers will supply most of the 140 million US dollars
(Kshs. 12 billion) needed to build a solar power station in Garissa, Kenya,
according to state-owned China Jiangxi Corporation for International Economic
and Technical Cooperation, the deal's coordinator.
The coordinating company said Wednesday that the project will serve as the base
for China's biggest
solar
panel makers to expand their presence in Africa.
The solar power station can generate 76 million kilowatt hours of electricity
annually and provide power for about 350,000 people, or half of Garissa's
population.
The deal was inked as the European Union slapped anti-dumping tariffs on solar
panels made in China.
Chinese solar companies, mired in debt and overcapacity, are in great need to
find alternative markets, as their biggest importer will probably buy less due
to the duties.
Thursday, 13 June 2013
Chinese solar panel makers to build power station in Garissa.
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