The company is expected to deliver infrastructure projects cheaply.
Foreign firms will be required to cede at least 30 per cent of their ownership to Kenyans.
New rules seek to check the growing influence of foreign builders on the local scene.
Engineering Consortium will offer design services for the regional construction industry.
The man was hacked to death on Friday at dawn after refusing demands by raiders.
Local firms did not meet the financial threshold set by the government.
The loans range from Sh130,500 to Sh175,000 per every 20 square metres.
The facility, which will constitute 3,300 solar panels, will generate 1,256MWh a year.
The 0.5% levy is payable to the authority by owners of projects above Sh5 million.
A group of rich Qataris jetted into Kenya this week to scout for deals in the country.