KenGen cuts down list of bidders for geothermal PPP development at Olkaria, Kenya
Kenya Electricity Generating Company (KenGen) has cut down the list of companies still running in the bid to build the 140 MW Olkaria VI geothermal power plant in Kenya under a PPP model.
From an initial short list of five groups, as we reported in May 2020, KenGen has now announced the four groups still in the running the PPP development of up to 140 MW of the Olkaria VI geothermal power project in Kenya.
Kenya plans to build a 140MW geothermal power plant under the public-private partnership (PPP) framework, entailing the development of a geothermal power generation plant on a Build, Own, Operate and Transfer (BOOT) basis.
“The successful bidder will enter into a joint venture with KenGen and will finance, construct, own and operate the power plant and the associated facilities and transfer the project back to KenGen at the end of the operational term,” the company said.
KenGen shared an updated list with the four groups still running for building the geothermal power plant with KenGen. The companies are: Ormat Technologies (US), Itochu Corporation (Japan), Sumitomo Corporation (Japan) and Enel Green Power (Italy).
The group dropping off has been a consortium of French Engie Energy Services, Toyota Tsusho Corporation (Japan), Kyuden International Corporation (Japan) and DL Koisagat Tea Estate (Kenya).
Source: Nairobi Exposed