Sharp Daily
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us
No Result
View All Result
Sharp Daily
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us
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

Ken gen and KPA cut state-guaranteed loans, easing kenya’s debt pressure

June 22, 2026

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

October 30, 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

Analysis

Dangote’s USD 660.0 mn pipeline plan and the future of East Africa’s energy infrastructure

September 25, 2026
News

Green Bond Financing is Powering Africa’s Energy Transition

September 25, 2026
News

Dangote to Break Ground on Lamu Refinery Next Week

September 25, 2026
News

Kenya’s Bank Consolidation Cycle Reshapes the Investment Case for Smaller Lenders

September 25, 2026
News

From Supermarket to Stock Market: Quickmart’s Rise and NSE Ambitions

September 25, 2026
Business

Kenya’s forex reserves rise to $15.1 billion

September 25, 2026

LATEST STORIES

Dangote’s USD 660.0 mn pipeline plan and the future of East Africa’s energy infrastructure

September 25, 2026

Green Bond Financing is Powering Africa’s Energy Transition

September 25, 2026

Dangote to Break Ground on Lamu Refinery Next Week

September 25, 2026

Kenya’s Bank Consolidation Cycle Reshapes the Investment Case for Smaller Lenders

September 25, 2026

From Supermarket to Stock Market: Quickmart’s Rise and NSE Ambitions

September 25, 2026

Ed Sheeran Tour Crisis as Openers Quit Over Macklemore Removal

September 25, 2026

Kenya’s forex reserves rise to $15.1 billion

September 25, 2026

QVSE Investment Scam: How Kenyans Lost Billions in Fake Trading Scheme

September 24, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us

Sharp Daily © 2024