Toyota shows interest in further geothermal projects in Kenya

Toyota shows interest in further geothermal projects in Kenya Olkaria I Geothermal Plant (Source: Toshiba Press Release)
Francisco Rojas 16 Mar 2015

Toyota, after the construction of the newly commissioned Olkaria geothermal power plants wants to invest more in the african nation.

Local news from Kenya state that the Toyota Tsusho Corporation is gunning for a share of the tenders due to be floated by the government of Kenya in the geothermal energy sector.

The Japanese conglomerate known for its automobiles, Sunday said it wanted to invest billions of dollars in Kenya’s energy sector after it successfully build the 280-megawatt Olkaria plants.

The announcement followed Friday’s meeting between President Kenyatta and Japanese Prime Minister Shinzo Abe at the Prime Minister’s official residence in Tokyo.

President Kenyatta is banking on foreign money to unlock potential in otherwise capital intensive projects like geothermal, and transport, in what has seen him make major deals especially with the chinese.

“At a meeting in Tokyo with President Uhuru Kenyatta, who is on a five-day official visit, senior Toyota Tsusho executives said they had set their eyes on a number of geothermal projects the government is due to put to tender in the coming weeks,” the Presidential Strategic Communication Unit said on Sunday in a press statement.

The projects include a unit of Olkaria I and V, and Olkaria VI. Other fields of interest included Menengai, Akiira, Longonot, Baringo-Silali and Suswa power projects, Toyota Tsusho CEO Jun Karube told the President.

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Source: Daily Nation