BizNis Africa
Latest News
7th All Africa Business Leaders Awards calls for nominations
With nominations closing on 31 May 2017, the 7th All...
Top Executives in Africa still opt for MBA programme
Top African leaders outside of South Africa overwhelmingly still...
Africa’s future as industrial powerhouse depends on electricity supply
The International Monetary Fund (IMF) has predicted that the...
Women dominate 2017 African Utility Week Industry Awards
Women are making a high contribution to the power...
Deloitte: Co-operation key to unlocking smart mobility in Africa
From ride sharing and driverless cars to electric vehicles...
African Economic Outlook 2017 highlights Africa’s industrial transformation
African governments need to integrate entrepreneurship more fully into...
Maersk – container sector expands intra-Africa trade
While the road ahead may still present significant challenges,...
Amarula creates 400 000 unique liqueur labels using HP tech
Amarula, the South African producer of cream liqueur, is...
Woolworths Holdings appoints new Executive Director
John Dixon, currently Chief Executive Officer of David Jones,...
IoT and Smart Cities – How technology is reshaping SA society
Along with the rest of the world, South Africa...

Albert Mugo, KenGen CEO

  • May 22, 2014
  • Comments Off on Kenya’s electricity utility KenGen plans to build geothermal plant
  • Energy
  • 1024 Views
Submit Press release

Fill in the form and we will deliver the car for you to test drive.

As a follow up to the news published recently on Africa making positive strides in the energy sector, we observe that Kenya’s main electricity producer KenGen, is also doing its part to see through its expansion plans. The power generator is reported to be in the process of looking for an adviser to help it secure financing for the development of a 140MW geothermal plant.

“We hope to have picked the transaction adviser by the end of July after which the firm will start preparing the tender documents including how we will evaluate potential investors,” said Albert Mugo, KenGen Chief Executive Officer.

KenGen the 70% government owned company has installed capacity of 1,252 megawatts out of Kenya’s total 1,767MW. It aims to add another 844MW to the grid by 2017 as part of a broader national power expansion program in which the government targets installed capacity of 5,000MW by then, in a bid to boost growth.

Given that about 46% of Kenya’s capacity is from hydropower generation, solely from KenGen, this has made the country prone to high energy costs in times of droughts.

Low hydrology levels, as is the current situation, have prompted increased usage of diesel-fired thermal power capacity of which the fuel cost is passed on to the consumer, increasing their burden.

As such, much of the new power supply will come from geothermal sources, tapping underground steam from the Rift Valley.

Comments are closed.

Ver peliculas online

Fill in your details below and we will secure you a free test drive, delivered to you.

Fill in your details below and we will secure you a free test drive, delivered to you.

%d bloggers like this: