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… Read more

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