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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.

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“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.

 

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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

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