HomeRegional NewsEast AfricaKenya: Price of goods drop as power generation increases

Kenya: Price of goods drop as power generation increases

The Kenya Electricity Generating Company’s (KenGen) 140MW Olkaria I Unit 4 & 5 geothermal power plant was commissioned by President Uhuru Kenyatta on Thursday 19th February.

This is the last phase of the 280MW Olkaria geothermal power project, Ventures Africa reported.

According to Kenyatta, the cost of goods will decrease in line with the decreasing cost of power. The government has set a target of 5 000MW power generation by 2017.Olkaria-Geothermal-Power-Plant-Kenyas-largest-geothermal-power-complex

“Take my word that the cost of goods will come down and this will lead to a lower cost of living for all Kenyans”, Kenyatta said.

“We will not achieve the transformation we want if we do not increase the quantity of power, reduce its cost and ensure its regular supply. You cannot fight poverty when you do not have power to run an economy with industries to create jobs and create wealth”, he continued.

Kenyatta said that Kenya is the 7th largest global producer of geothermal power. This was echoed by KenGen managing director, Albert Mugo who said that “Kenya has immense geothermal production potential”.

According to the ministry of energy, the country has the capacity to generate 10 000MW of geothermal power from the Rift Valley basin.

 (Pic Credits: sweetcrudereports)

Nicolette Pombo-van Zyl
As the Editor of ESI Africa, my passion is on sustainability and placing African countries on the international stage. I take a keen interest in the trends shaping the power & water utility market along with the projects and local innovations making headline news. Watch my short weekly video on our YouTube channel ESIAfricaTV and speak with me on what has your attention.