In East Africa, the managing director and CEO of the Kenya Electricity Generating Company (KenGen), Albert Mugo, has tabled the line of projects to achieve the target.
According to local radio station Capital FM, Mugo said the company has already secured some funding from development partners and internal resources while other financing opportunities are being explored.
The projects lined up for completion by 2020 comprise the Olkaria V (140MW), Olkaria VI (140MW), Olkaria VII (140MW), Olkaria I Unit 6 (70MW), Wellheads (25MW), Olkaria I Rehabilitation (5.7MW), Olkaria I AU & IV topping plant (60MW).
The Meru Wind Faze I (80MW), Geothermal Wellheads (50MW) and Ngong III project (10MW) are also reported to be at an advanced stage.
“With our internal well-equipped and motivated workforce coupled with requisite funding from our bilateral partners for the projects in the pipeline, KenGen is well positioned to deliver on promise and continue to be the market leader in the provision of competitively price electric energy in the country,” Mugo said.
KenGen recognised for its green energy project
Last week, the power generation company won the Japan International Cooperation Agency (JICA) 2016 Presidential award for its flagship green energy project, Olkaria I Units 4 and 5.
The Presidential award is said to be awarded to an individual or organisation associated with the agency and whose contribution in the field of development is recognised to be of great significance in the development of developing countries’ society and economy.
The 140MW geothermal power plants were funded by the Japanese agency in collaboration with various development partners.
Industrial park to create employment – Mugo
It is also reported that KenGen is also exploring other businesses under the new business initiative that seeks to improve the utility’s revenue stream from non-generation based revenue and has identified an industrial park in Olkaria area.
The development of the KenGen Industrial Park will not only target the optimisation of KenGen business operations, but also support the governments’ industrialisation strategy as a pillar for economic growth and job creation.
Mugo said the Industrial Park will serve as one of the drivers for regional development and will create significant employment opportunities.
Featured image:Albert Mugo
Pic credit: RICH Mangement