Chinese-Kenyan consortium to build geothermal plant in Kenya
A Chinese-Kenyan consortium has won the contract for geothermal plant for KenGen at Olkaria in Kenya.
Kenya Electricity Generating Company (KenGen) has awarded a consortium, led by Yantai Jereh Petroleum Equipment & Technologies Co, Ltd, a wholly-owned subsidiary of Jereh Group (China), and local contractor H-Young & Company (East Africa) Ltd (Kenya), the contract to build a geothermal power plant in Olkaria.
Under the contract, the consortium will carry out the project design, procurement and construction, while the financing will be provided by Industrial and Commercial Bank of China and Standard Bank of South Africa (Kenya).
After the completion of the project, the total installed capacity will be 61MW, the estimated net power generation will be 53.78MW, and the yearly electric generating capacity will be 447 GWh.