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Monday, March 19, 2012

Kenya:

Kenya Power Report Q2 2012: Geothermal Potential is Believed to be Considerable (BusinessWire)

Over the longer-term, the favoured form of renewable energy is geothermal, where potential is believed to be considerable. 

Kenya's power sector continues to introduce a more diversified energy-generation capability according to a new report from Research and Markets. Although hydropower generation remains vulnerable to drought and variations in rainfall, additional hydro facilities are being developed in order to reduce the country's dependence on costly oil-fired capacity. Over the longer-term, the favoured form of renewable energy is geothermal, where potential is believed to be considerable. Meanwhile, coal-based generating schemes should provide medium-term electricity supply.


Business Monitor International's Kenya Power Report provides industry professionals and strategists, corporate analysts, power associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Kenya's power industry.

In the five years from 2011 to 2016, Kenya's overall power generation is expected to increase by an annual average of 7.23% to reach 10.76TWh. Driving this growth will be a 5.04% annual average increase in hydropower and a 9.85% annual average rise in the supply of renewables-based electricity. Meanwhile, oil-fired generation is expected to fall by over 18% per annum as hydro increases in availability. BMI expects coal-fired power to become commercially available in the latter part of its forecast.

In addition to investments in oil and gas exploration, and the development of new coal-fired and hydroelectric power stations, Kenya plans to significantly increase the amount of energy generated by geothermal facilities. The country is already Africa's largest producer of geothermal power thanks to its strategic position over shifting tectonic plates. Over the next two to three years, the government plans to invest US$1.4bn in the construction of several new geothermal power plants with a total installed generation capacity of 280MW. By 2030, Kenya hopes to be generating 5GW of power from geothermal power; that would put Kenya among world leaders in geothermal terms.

Research and Markets (http://www.researchandmarkets.com/research/4948de/kenya_power_report) has announced the addition of the "Kenya Power Report Q2 2012" report to their offering.