Making the case for investments in Kenya’s geothermal development
Kiraitu Murungi, Kenya's Minister of Energy, makes a case of why investors should look at Kenya's energy sector. In his descriptions he "provides them with a general overview of key investment opportunities available in the energy sector.
In a recent article by Kiraitu Murungi, Kenya’s Minister of Energy, makes a case of why investors should look at Kenya’s energy sector. In his descriptions he “provides them with a general overview of key investment opportunities available in the energy sector.”
While his article goes into details on the complete energy sector of the country, including other renewable technologies and fossil fuels, the points raised on geothermal should be quite interesting.
He talks about that “Kenya is lucky to have vast geothermal resource estimated at about 7000MW. In January 2009, we formed the Geothermal Development Company (GDC) to undertake comprehensive geothermal resources assessment and steam production through public funds.
The GDC will hand over productive wells to KenGen and interested private investors for development of power plants and production of electricity for sale. Opportunities exist for investment in eight geothermal plants which will produce between 35-70MW, and 140MW in different sites in the Rift Valley within the next five years.”
The article goes then into details about all kinds of other energy technologies, but it shows that the country is quite anxiously looking into attracting investors into the country.
Source: Business Daily Africa