Wednesday, August 21, 2019

Kenya: KenGen Economist Calls for More Private Sector Involvement in Geothermal Energy Development

KenGen: “Private sector participation needed in geothermal development to enhance deployment of this resource” (ESI-Africa)

Exclusive interview with Anne Kiburi, Senior Economist & PPP Officer at KenGen (Kenya Electricity Generation Company). During the upcoming Future Energy East Africa conference in Nairobi in September she is addressing delegates on “The role of the private sector in geothermal development in Kenya and East Africa.”

"Kenya and East Africa have high geothermal energy potential. The resource has the potential to provide low cost and low carbon, baseload, reliable and flexible electricity. However, the development of this resource is capital intensive, especially at the preliminary phases. There is a need for private sector participation in geothermal development to enhance the deployment of this resource. Development and use of various risk mitigation tools and early mover insurances are important to support the private sector during the exploration phase.

My expectation is to create awareness on the role of the private sector in geothermal development and the opportunities available."