Geothermal

KenGen seeks advisor to secure funds for 140MW geothermal plant

By on May 20, 2014 in Geothermal, Renewables with 0 Comments

Kenya’s main electricity producer KenGen is looking for an adviser to help it secure financing for the development of a 140 megawatt (MW) geothermal plant, it said on Tuesday. The company, 70 percent owned by the government, has installed capacity of 1,252 megawatts (MW) out of Kenya’s total 1,664 MW. It aims to add another […]

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3 Firms shortlisted to built Power Plants in Menegai Geothermal Field, Kenya

By on May 13, 2014 in Geothermal with 0 Comments

The Geothermal Development Company of Kenya (GDC) has  picked three firms, New York Stock Exchange-listed power generator Ormat Technologies, Quantum Power and local firm Sosian Energy to build geothermal power plants in Menengai that are expected to form a key plank of the Jubilee government’s promise to raise Kenya’s energy capacity to 5,000 megawatts.  Each firm is expected […]

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Tree activists threaten power project

By on January 13, 2014 in Geothermal, Renewables with 0 Comments

The generation of 17 megawatts from Olkaria in Naivasha in Kenya hangs in the balance after local leaders and conservationists threatened to go to court to stop the project.They are protesting against the massive destruction of trees where the proposed power line will be situated. Andrew Koisamou from the Civil Society Forum said tree-felling started […]

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OrPower secures Sh3.9bn loan for Olkaria project in Kenya

By on November 28, 2013 in Geothermal, Renewables with 0 Comments
OrPower secures Sh3.9bn loan for Olkaria project in Kenya

US energy firm OrPower 4 has receivedan additional Sh3.89 billion loan for the completion of its 100 megawatt Olkaria III geothermal project in Naivasha, Kenya, boosting the country’s quest for sufficient supply. The amount forms the final draw from a Sh26.06 billion loan from the Overseas Private Investment Corporation (OPIC), an agency of the US government, […]

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Geothermal power investors get African Union backing for exploration costs

By on November 28, 2013 in Geothermal, Renewables with 0 Comments
Geothermal power investors get African Union backing for exploration costs

The African Union Commission (AUC) has invited geothermal power investors to apply for grants to fund initial exploration costs within the next one month. The AUC partners with other donor organisations will finance geothermalenergy investors with an aim of promoting wide use of the renewable source of power in Africa. On Wednesday, the commission signed a […]

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Ethiopia to get $4 billion investment for leap into geothermal power

By on October 26, 2013 in Geothermal with 0 Comments

Ethiopia has signed a preliminary agreement with a U.S.-Icelandic firm for a US$4 billion private sector investment intended to tap its vast geothermal power resources and help it become a major exporter of energy for East Africa. Reykjavik Geothermal, whose Icelandic geothermal expertise is backed by U.S. investors, signed a deal with Ethiopia on Wednesday […]

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Australian plans for clean energy in Africa

By on July 1, 2013 in Biomass, Geothermal, Renewables with 0 Comments

Wasabi Energy, a developer of clean-power technology, plans to sell shares in a new unit in Africa as rising demand across the continent lures finance from Asia.“There seems to be a lot of funding that is wanting to go towards Africa,” Diane Bettess, chief operating officer of the Melbourne-based company, told Bloomberg. “Chinese companies have […]

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New Olkaria Geothermal plant in Kenya launched

By on July 24, 2012 in Geothermal with 0 Comments

Yesterday the President of Kenya, H.E. Mwai Kibaki launched the construction of a 280MW geothermal project at Olkaria, 100Kms from the capital Nairobi.  The new plant will cost approx. USD 1Billion and will be the largest geothermal power plant in Africa when completed in 2014. It will cumulatively increase Kenya’s electricity capacity by 40% from the current […]

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