A Kenyan businessman has landed himself a lucrative deal in Mozambique worth a whopping Sh37.5 Billion.
Humphrey Kariuki, the owner of GL Africa Energy, won a tender to build and operate a 250-megawatt gas-powered plant in northeastern Mozambique.
Confirming the award, the National Petroleum Institute of Mozambique stated: "GL Africa Energy UK is among three firms that have been selected from 14 firms that originally bid for the natural gas development projects in the Ruvuma gas basin."
"Norway’s Yara will produce fertilisers and 30-50 MW of electricity, while Shell Mozambique will produce diesel and 50-80MW of power," the statement read.
Speaking after the announcement, Mr Muriuki noted that his company had been instrumental in ensuring that the continent makes progress by generating affordable power.
"Through state-of-the-art power projects such as the Nakala District facility, GL Africa Energy is playing a vital role in generating affordable power to address the significant energy shortfall in the region and drive the development of the African Continent," Kariuki said.
The billionaire is also the CEO of Kenya-based leading petroleum supplier, Dalbit Petroleum.
Aside from this, Kariuki has substantial stakes in other Kenyan businesses including, the Hub Karen Mall, The Fairmont Mount Kenya Safari Club, WOW Beverages (formally Wines of the World), Africa Spirits Limited, among others.
