Britain's Equinox to invest $250 million in Kenya biogas power project

Lake Victoria

Britain’s Equinox Energy Capital is close to concluding a $250 million (£194 million) fundraising round to invest in a project in western Kenya to produce electricity from invasive lake weed water hyacinth, the Kenyan presidency said on Friday.

Water hyacinth has choked off large parts of Lake Victoria, a fresh water lake that straddles Kenya, Uganda and Tanzania, and has alarmed environmentalists with its spread over the past two decades.

The government has had little success in eradicating the weed, which now covers the lake’s surface like a carpet of grass, cutting off local communities from vital fishing grounds and choking regional ports.

Read more: Britain’s Equinox to invest $250 million in Kenya bio-gas power project| Reuters