President William Ruto will today (Friday) head to Mombasa to ground-break construction of the Taifa Gas LPG terminal.
Taifa Gas, which is owned by Tanzanian business magnate Rostam Aziz, this week received a licence from Kenya to establish a cooking gas plant and storage facilities at Mombasa port.
Taifa Gas is Tanzania’s largest LPG supply company and has been feeding the Kenyan retail market via road.
The project is aimed at bringing competition in the sector and bringing down consumer prices of the commodity.
It will also offer Kenya an opportunity to lower cooking gas costs in the absence of price controls.
Taifa Gas will set up a 30,000-tonne facility at the Special Economic Zone in Dongo Kundu, near the port of Mombasa.
It was earlier estimated to cost $130 million (Sh16.25 billion).
The government has allocated the investors a 30-acre land parcel for the project.
Last year, Taifa Gas conducted an impact assessment study at the site on its proposal to construct an LPG plant, storage terminal and related facilities.
The proposed 30,000 metric tonnes plant is designed to store propane; butane and LPG mix of various grades for domestic, commercial and industrial use.
Taifa Gas, which is headquartered in Dar es Salaam Tanzania, has been in the LPG industry since 2005, trading as Mihan Gas Tanzania Ltd.
In 2014, it rebranded to Taifa Gas.