24 June 2010 – KenGen has started producing power this week at a 35MW geothermal power plant. The company plans to add a further 350MW of geothermal capacity by 2013 according to Managing Director Eddy Njoroge.
“Our increased investment in geothermal power production is also in line with KenGen’s business strategy of reducing reliance on hydro power which is dependent on weather patterns, and to pursue green energy sources which are safe to the environment,” Njoroge said.
The new plant at Olkaria was financed by the European Investment Bank, which provided $40.8 million, the International Development Association and the French Development Agency.
The three financiers have already pledged to provide funding for 280MW power project in Olkaria.