https://newsletter.en.creamermedia.com
Africa|Energy|Power|PROJECT|Projects|Renewable Energy|Renewable-Energy|Resources|Underground|Infrastructure
Africa|Energy|Power|PROJECT|Projects|Renewable Energy|Renewable-Energy|Resources|Underground|Infrastructure
africa|energy|power|project|projects|renewable-energy|renewable-energy-company|resources|underground|infrastructure

Africa’s top geothermal utility seeks $2bn to boost output

19th May 2021

By: Bloomberg

  

Font size: - +

Kenya Electricity Generating Co, Africa’s geothermal pioneer, plans to raise $1.95-billion to build new, and upgrade existing plants in a bid to almost double its power output from the renewable fuel.

KenGen, as the Kenyan State-owned company is known, plans to add 651 MW from underground steam in the next five years, said Cyrus Karingithi, an assistant manager for resource development and infrastructure. Most of the funds will be sought from development financiers, Karingithi said in an interview on Tuesday at a geothermal field located about 120 km northwest of the capital Nairobi.

President Uhuru Kenyatta is pushing investors to tap Kenya’s vast geothermal resources with a goal to switch completely to renewable energy to generate electricity for the nation’s grid, from about 90% currently. Kenyatta said at President Joe Biden’s climate summit last month that there are “huge investment opportunities” in his country’s steam power given just a fraction of the resource is being used.

KenGen plans to build four new 140 MW steam-power plants each, including a project to be delivered as a public-private partnership, according to Karingithi. Steam wells have already been drilled at two of the planned facilities. The company also plans to upgrade some projects to add 66 megawatts and to deliver another 25 megawatts from wellheads, mobile generating plants, at the Eburru field.

KenGen is able to generate 1 803 MW of Kenya’s total installed capacity of 2 892 MW. Of that, 705.5 MW is geothermal energy produced by the company.
 

Edited by Bloomberg

Comments

Projects

 

Showroom

Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 
Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 22 November 2024
Magazine round up | 22 November 2024
22nd November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:2.757 2.859s - 194pq - 2rq
Subscribe Now