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Electrawinds Plans 180 Million-Euro Wind Farm in Kenya With IFC

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May 31 (Bloomberg) -- Electrawinds NV, a Belgian renewable-energy developer, will work with the World Bank’s International Finance Corp. to build a 180 million-euro ($234 million) wind farm in Kenya as the nation adds clean power to cut oil imports.

The wind farm in Mpeketoni, southeast Kenya, will comprise 36 to 45 turbines for a total capacity of 90 megawatts, Electrawinds said in a statement. IFC InfraVentures, a $100 million fund set up by the World Bank, will help secure finance.

The companies expect to win planning consent this year and begin construction in 2014, Ostend-based Electrawinds said today. Kenya is seeking to generate more of its own power to curb imports and reduce energy shortages that hamper growth.

To contact the reporter on this story: Louise Downing in London at ldowning4@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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