Toshiba pushing geothermal business through several cooperations in East Africa

GeoPortable (TM) - Waita geothermal power plant, Japan (source: Toshiba)
Alexander Richter 8 May 2018

Following several cooperation agreements in East Africa both with developers, governments and service companies, Toshiba has now signed an agreement to develop a leasing program for its geothermal power plant technology.

As reported last week, Toshiba has recently signed a partnership agreement with a French construction firm in East Africa. Now several other similar agreements come to light.

Among them is a new general cooperation agreement with RentCo East Africa Ltd., a major financial leasing company in Kenya and wider Sub Saharan Africa.

Under the agreement, Toshiba will collaborate in the development to expand RentCo’s new energy leasing business to supply Toshiba small-scale geothermal power plant technology called “Geoportable (TM)”.

This agreement, falls in line with MOUs with geothermal power development companies in Ethiopia, Tanzania, Djibouti, Uganda and Malawi in the geothermal power generation business.

Source: Company release via WebWire