Sharp Daily
No Result
View All Result
Friday, October 17, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

KenGen advances KES. 250 Million geothermal project in South Africa

Huldah Matara by Huldah Matara
November 29, 2024
in News
Reading Time: 1 min read

Kenya Electricity Generating Company (KenGen) has reported significant progress in its KES. 250 million geothermal development project with Eswatini Electricity Company (EEC). The milestone underscores KenGen’s commitment to expanding its renewable energy portfolio across Africa.

The contract, awarded earlier this year, involves comprehensive geoscientific studies across three sites in Eswatini, aimed at assessing the feasibility of a geothermal power plant. These studies are advancing well, with completion expected in the coming months, according to KenGen’s update during its 72nd Annual General Meeting (AGM).

KenGen’s Managing Director and CEO, Eng. Peter Njenga, reaffirmed the company’s dedication to renewable energy during the AGM. “Our strategic focus is on expanding our footprint beyond Kenya and leveraging geothermal expertise to drive sustainable development across the continent,” he said. The partnership with Eswatini, he added, aligns with KenGen’s efforts to support Africa’s renewable ambitions and mitigate climate change.

Eswatini, a landlocked kingdom bordered by South Africa and Mozambique, has prioritized geothermal energy to strengthen its renewable capacity. The collaboration is part of its broader sustainability goals to reduce carbon emissions.

RELATEDPOSTS

KenGen boosts profits by 35%, proposes higher dividend for 2024

October 30, 2024

KenGen assures stable hydroelectric power supply amid declining rainfall

August 23, 2024

“We are optimistic that our geoscientific studies will confirm the viability of Eswatini’s geothermal resources, paving the way for sustainable energy solutions,” Njenga noted, adding that the project diversifies KenGen’s revenue streams while reinforcing its financial sustainability.

KenGen’s reputation as a regional leader in geothermal energy stems from its success in Kenya’s Olkaria fields and previous projects in Ethiopia and Djibouti. With an installed geothermal capacity of 754 MW, KenGen ranks among the global top 10 in this field.

 

Previous Post

Uganda Central Bank hack confirmed, officials downplay $17 Million loss

Next Post

Majid Al Futtaim announces Carrefour Store closure in Kisumu

Huldah Matara

Huldah Matara

Versatile multimedia journalist with a keen interest in compelling stories that resonate with my audience. Reach out on huldahmatara12@gmail.com

Related Posts

News

Start Q4 strong with the Cytonn Money Market Fund

October 9, 2025
News

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025
News

Argentina’s crisis and Kenya’s lessons on political economy and market confidence

September 25, 2025
News

Kenya’s financial system remains stable but faces rising risks

September 25, 2025
News

Where do Kenyan stock returns come from? A napkin framework

September 19, 2025
News

September snapshot: CMMF yields 13.12% as month unfolds

September 5, 2025

LATEST STORIES

The Challenge of Preserving Retirement Savings in Kenya

October 16, 2025

Understanding Segregated vs Guaranteed Pension Schemes

October 16, 2025

The Sanlam-Jubilee deal

October 16, 2025

Kenya’s industrial real estate awakening

October 16, 2025

Stanbic Kenya in advanced talks to acquire NCBA: A game-changer in Kenya’s banking sector

October 16, 2025

CBK flags surge in financial fraud as losses triple to KES 1.6 billion

October 15, 2025

StanChart Kenya retirees face fresh legal stalemate over KES 7.0 billion pension payout

October 15, 2025

U.S. bank earnings take center stage amid government data freeze

October 15, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024