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British firm Globeleq quits Kenya wind farm project


British energy British Energy plc (LSE: BGY) is the UK's largest electricity generator by volume and a constituent company of FTSE 100. It is primarily an operator of formerly state-owned nuclear power stations.  company Globeleq said Monday it was withdrawing from a giant wind farm project in northern Kenya after failing to reach agreement on buying a controlling stake.

"Globeleq failed to reach common ground regarding the development of the projet PROJET. In international law, the draft of a proposed treaty or convention is called a projet. . Globeleq is therefore not participating in the project," said Paul Kunert, head of business development at Globeleq.

Globeleq, an energy leader in emerging countries, had planned to take a major stake in the project of "more than 100 million euros of investment."

"Minority share is not in our current scope," Kunert told AFP (1) (AppleTalk Filing Protocol) The file sharing protocol used in an AppleTalk network. In order for non-Apple networks to access data in an AppleShare server, their protocols must translate into the AFP language. See file sharing protocol. .

The proposed farm in Kenya's Lake Turkana Lake Turkana (tər-kăn'ə, tʊr-kä'nə), formerly known as Lake Rudolf, is a lake in the Great Rift Valley in Kenya, with its far northern end crossing into Ethiopia.  region aims to be the largest of its type in Africa. The consortium of Lake Turkana Wind plans to build 353 turbines that could eventually provide 300 megawatts of electricity to Kenya's national grid national grid
Noun

Brit & NZ

1. a network of high-voltage power lines linking major electric power stations

2. the arrangement of vertical and horizontal lines on an ordnance survey map
.

It is unclear why Globeleq did not agree a controlling stake. Kenyan press said Lake Turkana Wind is owned by four local shareholders, with a consortium of foreign shareholders of mainly Dutch investors.
Copyright 2009 AFP European Edition
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Author:AFP
Publication:AFP European Edition
Date:Nov 9, 2009
Words:167
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