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Geothermal deals in Ethiopia earn KenGen Sh1.78b

By Patrick Alushula | 4yrs ago
KenGen team of engineers drilling the first geothermal well for Ethiopia Electric Power (EEP) company, setting in motion Phase II of Ksh.7.6 billion contract. [Courtesy]

Kenya Electricity Generating Company (KenGen) has booked Sh1.78 billion revenue from drilling geothermal wells in Ethiopia, giving the firm a significant income diversification boost.

The earnings, posted in the financial year ended June 2021, is four times more than the Sh440.34 million that KenGen received last year.

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