By John Njiraini
Cement maker, Athi River Mining (ARM) will build a Sh3.7 billion coal power plant to reduce energy costs.
The 30 MW plant to be ready by December 2011, is expected to save the company Sh450 million in energy costs annually.
ARM chairman Rick Ashley, said the company would utilise 11 MW and sell the remaining 19 MW to the national grid.
“As demand continues to grow, we want to ensure we manufacture cement in a cost effective way. With this plant, we expect to save 25 per cent of our energy needs,” he said.
Industry statistics indicate that cement demand stands at 6.2 million tonnes and is expected to increase to 14 million tonnes by 2014.
via The Standard | Online Edition :: ARM to invest in Sh3.7b coal plant.
