KenGen Extends 140MW Project Partner Search

Olkaria geothermal plant. FILE PHOTO | NMG

State-owned electricity producer Kenya Electricity Generating Company (KenGen)  has extended the search for a joint venture (JV) partner for a geothermal plant until Friday as it looks to raise its stock of green energy.

KenGen, which has a 1,796.4 megawatt (MW) annual capacity and supplies 75 percent of the Kenya’s electricity, said last November the successful firm will enter into a joint venture with KenGen and create a special purpose vehicle (SPV) to finance and develop a 140MW geothermal plant in Olkaria, Naivasha.

KenGen says it will open the tender on Friday this week.

“KenGen has extended its tender/ request for qualifications of bidders for the financing, design, supply, construction, commissioning, operation and maintenance of the 140MW Olkaria PPP geothermal power project at Olkaria, Kenya on a Build, Own, Operate, Transfer (BOOT) basis,” said the firm in a tender notice.

The successful partner will have a majority 75 percent stake. Read more>>

LEAVE A REPLY

Please enter your comment!
Please enter your name here