Kenya and FFI collaborate on green energy and green ammonia projects
The Government of Kenya and Fortescue Future Industries have reinforced their commitment to progress towards developing a major green energy and fertiliser project together.
President of Kenya H.E. Dr. William Ruto CGH and Executive Chairman of Fortescue Dr. Andrew Forrest today signed an Investment Support and Implementation Agreement, which will accelerate the Framework Agreement signed during COP27, for the potential development of a 300MW capacity generation green ammonia and fertiliser facility in the Naivasha vicinity of Olkaria geothermal field.
The parties have also agreed, as part of the project’s scope, to include the supply of green electricity to Kenya’s grid.
Today’s agreement outlines a commercial framework for the implementation of the project, including government support for the critical resources, infrastructure and off-take.
Australia’s Chargé d’affaires a.i. to Kenya, Linda Gellard, was also at today’s signing and said, “Today’s agreement is a significant contribution to Australia’s long-term engagement with Kenya and the region. The Australian Government welcomes this ground-breaking partnership, providing a high-quality blueprint for others to follow.”
The Investment Support and Implementation Agreement further entrenches FFI’s commitment to fast-track its engineering and environmental studies, as well as early procurement for the development of the industrial facilities. Whilst for the Kenyan Government it affirms its commitment to support the promotion, facilitation, and protection of FFI’s investment.
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