Devki eyes power sector

STEEL and cement firm Devki Group is set to diversify to power production with a planned wind farm in Kwale county. The move will see wind as a source of power generation gain a deeper hold of the Kenya electricity sector, which has risen from a negligible amount in 2018 to account for 16% of the power that Kenyans consumed last year. Devki Steel Mills said in a disclosure to the National Environment Management Authority (Nema) that it is planning to construct a 60-megawatt wind power plant at Kinango, Kwale county. This will enable the firm to further diversify its revenue streams. In addition to steel and cement, the company owned by Narendra Raval also produces fertiliser and roofing sheets. — The Standard.