Zhejiang Kaishan Compressor, a Chinese mechanical equipment maker, has landed a USD 65 million engineering, procurement and construction (EPC) contract to build a geothermal power plant in Kenya as it expands into a new energy industry.
Kaishan Renewable Energy Development penned the deal for the 35 megawatt facility with Sosian Menengai Geothermal Power (SMGPL), its parent said in a statement today. SMGPL is building the facility in the Mennonay volcanic geothermal block in Nakuru, Kenya, and has an agreement in place to sell the electricity generated there to Kenya National Power. It already has a license to generate power from the Kenyan government.
Its subsidiary also penned a 14-year operation and maintenance deal worth USD 18 million for the plant. The unit and SMGPL will adjust annual costs based on local price indexes.
From the Global Geothermal News archives:
- Monday, July 23, 2018 - Kenya: South Korean Company Finalizing O&M Contract for Sosian Menengai Geothermal Power Project
- Thursday, June 21, 2018 - Kenya: Chinese Company Gets EPS Contract for Sosian Menengai Geothermal Power Project
