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Daily Nation (Nairobi) - The Tsavo project was the single largest foreign direct investment in the country in the recent past and was completed ahead of schedule. It was the first open bid project-financed Independent Power Producer (IPP). Industrial Promotion Services (Kenya) Ltd (IPS), an affiliate of the Aga Khan Fund for Economic Development (AKFED) and Cinergy Global Power Inc of US are the largest investors through a joint venture in the Tsavo Power Company at 49.9 per cent.