Kenya:

Kengen Identifies Potential Investors for Planned Olkaria Industrial Park (The Star)

Olkaria geothermal power station in
Naivasha. (Courtesy The Star)

Kenya Electricity Generating Company (Kengen) has said it has identified prospective investors for the industrial park planned for the geothermal rich Olkaria area and negotiations are underway.

The power producer said the proposed park has elicited a lot of interest among local and foreign companies including a paper manufacturing firm keen on building a plant in the park.

“We are in talks with several potential investors including one who is interested in utilizing the available steam resource to set up a paper processing factory,” the managing director Albert Mugo said.

He said there are several investors adding that a strategic one from Hong Kong has approached Kengen with a proposal to establish a cotton processing mill.

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