KenGen Completes Project Financing Expansion of Unit VI of Olkaria I Geothermal Power Plant (4 Traders - News Release)
Kenya Electricity Generating Company Limited (KenGen), has completed project financing of EUR 72 million (USD 77.4 million) for the expansion of Olkaria I geothermal power plant in southwestern Kenya. The finance was provided by the
European Investment Bank (EIB).
The project consists of the extension of the existing 140 MW of Olkaria I geothermal power plant Unit IV and V with an additional 70 MW turbine (Unit VI), the necessary wells, steam-gathering system and interconnection facilities. The total cost of the power plant is EUR 288 million (USD 309.6 million).
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