Market News

  • KENYA: Olkaria I Geothermal Power Plant To Gain 83 Mwe Before End of 2021

    Posted on :Tuesday , 25th May 2021

    Kenya Electricity Generating Company (KenGen), Kenya's largest power producer, plans to commission unit 6 of its Olkaria I geothermal power plant before the end of this year. The steam plant is being built by the Japanese companies Marubeni Corporation and Fuji Electric.

     

    Marubeni Corporation is on track to meet its line-up. The Japanese company chosen by KenGen for the constr. . .

  • KENYA: GDC Calls for Tenders for Direct Use of Geothermal Steam

    Posted on :Wednesday , 19th May 2021

    The Kenyan state-owned Geothermal Development Company has launched a call for expressions of interest for the direct use of geothermal steam at the Menengai site in the Rift Valley in western Kenya. Interested investors have until May 24th, 2021 to apply.

     

    Geothermal Development Company is on its way to diversify the use of geothermal steam in Kenya’s Rift V. . .

  • Kenya: AU and Wellington Agree To Develop Geothermal Energy

    Posted on :Friday , 14th May 2021

    Kenya is the most advanced country in the Eastern Africa in terms of exploiting its geothermal resources. Nairobi wants to grow its installed electricity capacity and diversify the use of geothermal heat. This is the main rationale behind the partnership which was recently signed between the state-owned Geothermal Development Company, the New Zealand Ministry of Foreign Affairs and Trade and th. . .

  • Kengen Announces 9% Profit Increase nn Year Ended 31 December 2020

    Posted on :Thursday , 13th May 2021

    Kenya Electricity Generating Company PLC (KenGen) has announced a 9 per cent profit increase in its half-yearly unaudited financial results for the period ended 31 December 2020.

     

    The company's profit before tax grew from Ksh 6.2 billion ($55 million) to Ksh 6.8 billion ($64 million), states a company statement.

     

    KenGen co. states that revenue from geothermal. . .

  • Kengen Wins Contract to Drill Three Geothermal Wells in Djibouti

    Posted on :Thursday , 13th May 2021

    The company has signed a USD 6 million contract with Office Djiboutien De Development De l’energie Geothermique (Djiboutian Office of Geothermal Energy Development).

     

    The ceremony, in Galla Le Koma, Djibouti, was attended by Kenya's Energy Cabinet Secretary Charles Keter and KenGen CEO & Managing Director Rebecca Miano.

     

    Speaking during. . .

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