Geothermal deals in Ethiopia earn KenGen Sh1.78b

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.