KenGen invites bids for 560MW geothermal plants

By Reuters:

Kenya’s main electricity producer, KenGen, has invited parties to submit bids for the development of 560 MW geothermal power plants, the company said on Thursday.

The company said it planned to develop the power plants in phases of 140 MW each at Olkaria within the east African nation’s Rift Valley under a joint venture arrangement in which successful bidders would build, and later transfer, the facilities back to the firm after 10 to 20 years.

“The successful bidder or consortium would be the majority shareholder,” KenGen said in a call for the bids in the Kenyan newspaper, the Daily Nation.

Kenya is the first African country to drill geothermal power, tapping vast reserves of steam energy in the country’s Rift Valley region, which remains geologically active.

The country has the potential to produce 7,000 MW and is targeting production of at least 5,000 MW of geothermal power by 2030… Read more

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