KenGen seeks funding for 1,500MW project

Visiting German Vice Chancellor Dr Robert Habeck (C) joins senior government officers and a high powered delegation of investors in a tour of the geothermal rich area of Olkaria, Naivasha on 2nd December 2024. He said that Germany would support the country in its expertise in production of geothermal and solar energy. [Antony Gitonga, Standard]

KenGen has embarked on raising $4.2 billion (Sh546 billion) as part of its 10-year plan to pump an extra 1,500 megawatts (MW) into the national grid.

Already, the power generating company has received a commitment from various financiers for a 300MW geothermal project as part of the multi-billion exercise.