Kenya:

KenGen Seeks Funding for Olkaria 1 Expansion (Business Daily Africa)

KenGen managing director
Albert Mugo

Electricity generating firm KenGen is seeking Sh8.2 billion to construct an additional geothermal unit at the Olkaria 1 plant to shore up the country’s installed power.

The State-owned firm said the 70 MW project is valued at Sh18.2 billion but it can only raise Sh10 billion. KenGen managing director Albert Mugo said securing the remaining funds will set the stage for project implementation.“As soon as we get that we will be advertising for that project,” he said.

Mr Mugo said an additional 15 MW is expected in May from geothermal wellheads – smaller power producing units that are installed on top of geothermal wells and help in early tapping of electricity- while waiting for the construction of big geothermal plants.

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