Bloomberg reports today on Kenya Electricity Generating Co., saying that the company considers a possible partnership with “U.S., Chinese or Indian investors to finance and develop geothermal plants, including a $650-million facility that will generate as much as 180 megawatts.”
The company, so the article, considers taking a minority stake in the Olkaria VI project which is planned to start construction in 2018. It was known this was planned as the first IPP/ joint investment project, which was planned as a traditional single flash condensing steam plant. KenGen sees this as a test case and if it works it could be the model for further development.
“KenGen could also partner with the Geothermal Development Co., a state-owned entity that is developing geothermal resources.” KenGen Managing Director Albert Mugo said in the interview with Bloomberg.
Source: Bloomberg
