US-based renewable energy tech firm Cyrq Energy will spend Sh30 billion in putting up a 330 MW geothermal power plant in Suswa area, Narok County.
Chief executive Nicholas Goodman said applications for approval had been sent out to regulatory agencies in Kenya after feasibility studies conducted at the site confirmed availability of adequate thermal energy to power the project.
Mr Goodman said upon award of permits, the project will be implemented within the two years with the first phase expected to churn out 75 MW. The other phases will raise the total output to 330 MW.
