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MERU COUNTY WASTE TO ENERGY PROJECT


Project No: #19565
Capital needed
USD 280,000,000
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Minimum investment per investor: 120,000,000.00
Country: Kenya
Reason for needing Capital: Research & Development
Stage: Pre-Startup
Ideal Investor Role: Equity partner
Highlights: WHEREAS,Investors, Meru Investment & Development Corporation and Josam Africa Limited (hereinafter collectively called the "parties") have entered into to memoranda of agreement 26th February 2019, whose purpose is to facilitate set-up and execution of a Company special purpose vehicle (SPV) herein to be called Meru County Waste to Energy Project to Build, Operate and Own (BOO) the proposed 45MW-90MW through the investor appointed.
What you offer to investors?: WHEREAS, the SPV will be owned in the following percentages: Investors will hold 51%, of the equity, Meru County Investment & Development Corporation will hold 10% of the equity and Josam Africa Limited will hold 39% of the equity.
Business plan:
Executive summary:
Additional documents:

Overview of the
Project



                                                                                                                                



Integrated Solid Waste Management
Investment
involves the conversion of solid
waste to generate among others Electricity,
Bio –Diesel EN59, Building materials and Fertilizers,
through such
technologies as
BS_Aireal Combustion System (BS_ACS) and BS_Aireal
Gasification System (BS_AGS). The project plans to build a state-of-the-art Meru
County Waste Management Facility in Kenya, where all solid waste will be
delivered for processing. In addition to the Meru County Waste management
facility, the project will liaise with existing waste collection companies to
implement a most efficient and unified waste collection and delivery to the Meru
County Waste Management Facility. The facility will include among others a
Waste Management Program for Industrial & Domestic Waste and Waste
Transport System in cooperation with the Local Authority and other stakeholders
in City Waste Management and Pollution Control.



 



The facility
will sell the generated electricity to the Kenya Power & Lighting Company
(KPLC) while building materials; fertilizers and other useful products will be
sold to the public. The earnings from these activities will be enough to
guarantee investors a favourable Return on Investment (ROI).



 



Once an MOU
is signed between the investors and the relevant authority here in Kenya( Meru
County Waste to Energy Project) it takes about 6 months for the investors to
concurrently conduct feasibility studies and also finalize with Government
arrangements. Thereafter it takes about 3 months to build the state-of-the-art Meru
County Waste Management Facility in Kenya, deploy all the necessary
technologies and operationalize the facility. So basically between signing an
MOU and project completion it would take 9 months.



 



Project Objectives of the Waste To Energy  



 



      i.        
To alleviate environmental dangers posed by solid
municipal wastes by processing such wastes into usable products.



 



     ii.        
To turn waste to renewable energy and usable products.



 



   iii.        
To create more jobs and generate incomes via Waste to
Energy conversion technologies.



 



   iv.        
To contribute immensely towards efforts to conserve our
environment.



 



Project Location – why:- Kenya?



 



Generally
speaking, the choice of Kenya as a beneficiary and a desired place to invest
this technology is not an accident! The choice was deliberate for many reasons,
key among them the central role
Kenya plays in the East and Central Africa region. Kenya is
indeed the indisputable economic and business hub in the East and Central
African region and therefore it’s naturally the place to begin before
proceeding to other countries. The investment environment coupled with proven
and sustainable peace
in Kenya also go a long way to justify the choice of Kenya.



Project Duration



Once an MOU
is signed between the investors and the relevant authority here in Kenya, it
takes about 6 months for the investors to concurrently conduct feasibility
studies and also finalize with Government arrangements. Thereafter it takes
about 3 months to build the state-of-the-art Waste Management Facility, deploy
all the necessary technologies and operationalize the facility. So basically
between signing an MOU and project completion it would take an average of 9
months.



Project’s Job Creation



This
project is expected to additionally create massive both short-term jobs (during
implementation) and permanent jobs thereafter in running the plant/facility.
It’s also expected that several other businesses will spring up in association
with the facility. Quite obviously incomes will be boosted
in
Kenya
economy will get a
strong boost. More importantly all this will be happening in a very clean
environment.



The Project’s Environmental Role



The greatest gift a city, society, country or in fact the
entire planet can get from the very intensive activities of mankind is and will
always be a clean, fresh and maintained environment for all to enjoy.



Our Waste to Energy project
will do exactly that! That is, ensure, provide and enhance by all means a clean



Environment. The project will
liaise with all statutory environmental organizations in and out of Kenya to
implement all environmental regulations and by-laws as laid down by the
Republic of Kenya while at the same time saving the state/municipality monetary
resources which they could otherwise have spent on environmental concerns as a
result of solid waste.



Project Accountability and
Transparency



In return for the funding
devoted to this project, stakeholders, mainly the investors, Government of the
Republic of Kenya, Josam Africa Ltd the technical teams, administrators, the
management and the general public will require nothing short of absolute trust,
accountability, responsibility and transparency during the implementation of
the project and thereafter the running of the facility.



Project Monitoring and evaluation



All stake holders understand the need to design
and implement appropriate monitoring and evaluation systems to ensure that the
Integrated Solid Waste Management Investment is implemented and operationalized
to the satisfaction of all stakeholders. Such monitoring systems will be
jointly agreed with
in Kenya & Local Government and other stakeholders
at the time of commencement


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