Kenya: KenGen to Add 158 MW from Olkaria V Geothermal Plant in Next Two Years

KenGen reports profit rise, to add 158 MW capacity in 2019 (News Release)

Well Cleanout. By Piyush Bakane, Ormat.
Taken in Olkaria, Kenya, summer 2017.
GRC Photo Contest 2017.

Kenya's main electricity generator KenGen plans to add 158 megawatts to the grid in the next two years from its planned Olkaria V geothermal plant, it said on Wednesday, after reporting a slight rise in annual pre-tax profit.

Pre-tax profit edged up 2 percent to 11.53 billion shillings ($112 million) for the year to June 30, as higher interest income offset a drop in revenue.

The company has an installed generating capacity of 1,631 MW and aims to add another 721 MW of electricity generating capacity between this year and 2022 at a cost of $2 billion, with most of the energy coming from geothermal sources.

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