New Board Appointed for LTWP

November 2014, Nairobi, Kenya¦..Following the successful Equity Closing of Lake Turkana Wind Power (LTWP) Ltd. on 12th September 2014 and the resignation of the chairmanship by Mr. Carlo van Wageningen, who led the project over its landmark development program, the newly established Board of Directors of LTWP Ltd. is pleased to announce the appointment of Mr. Mugo Kibati as Chairman of the Board of Directors of LTWP Ltd., with effect from 21st October 2014

Former Chairman, Carlo van Wageningen, stated, “As I step down, after nine long challenging but exciting years, as the Chairman of LTWP, I am extremely pleased to handover the reigns of the Company to Mugo, a highly respected and qualified Kenyan that I have learnt to know and appreciate over the years. His foresight, experience and competent leadership qualities will guide the Board at this very exciting time when construction of the project starts. I look forward to support him as a Member of the Board. I wish him all the best in this endeavor.

The new LTWP Chairman, Mugo Kibati added, “I am honoured and excited to join LTWP as Chairman. I look forward to working with this exceptional team to deliver the largest wind power project in Africa and making our contribution to Kenya’s, indeed Africa’s, progress at this critical time in its history. I wish to thank Carlo for his distinguished service and leadership in getting us to this point, and look forward to his and the other board members continued guidance.

Mugo Kibati, a Kenyan National, is the founding and former Director General, Kenya Vision 2030 Delivery Secretariat. The Kenya Vision 2030 Delivery Secretariat is responsible for spearheading the implementation of Vision 2030,the national strategy aimed at transforming Kenya into a newly industrialized country, capable of providing a high quality of life for all its citizens by the year 2030.

Mugo has a strong track record in business leadership and change management. As Group Managing Director and Chief Executive Officer of East African Cables, he transformed a small Kenyan company into a regional blue chip firm with presence in South Africa, Uganda, Tanzania and Rwanda. Past experience includes marketing and engineering roles at Lucent Technologies in the US, Bamburi Cement (Lafarge Coppee) and Kenya Petroleum Refineries (Shell Petroleum) in Mombasa, Kenya. Mugo sits on several corporate boards and has also held national industry leadership positions, former Deputy Chairman of the Federation of Kenya Employers, former Board Member of the Kenya Association of Manufacturers and Kenya Private Sector Alliance.

Mugo has a B Tech, Electrical Engineering from Moi University, a Masters degree in Technology Management from MIT, an MBA (Business Finance) from George Washington University and studied European Union Economics at Oxford University.

Mugo is an alumnus of the Young Global Leaders of the World Economic Forum, a Fellow of the Aspen Global Leadership Network and the African Leadership Initiative.