28 Feb KenGen and Chinese firm team up for geothermal energy project in Ethiopia
Kenya Electricity Generating Company (KenGen) and a Chinese firm have signed a deal with Ethiopian Electric Power (EEP) to develop a geothermal power project in Ethiopia.
The Kenyan electricity firm will be responsible for drilling at the project, along with Shandong Kerui Oilfield Service Group. The companies will supply materials and drill wells for energy sources for the 70MW renewable energy facility.
EEP said the project is expected to cost around US$173.2 million, with financing to be provided by the World Bank and further funding sourced from loans and grants, according to a Xinhuanet report.
KenGen has been focusing on offering expert services in electricity generation, geothermal development consulting, power plant operation and maintenance services across East Africa.
Managing director and CEO Rebecca Miano said: “As we extend our services to Ethiopia, we are leveraging on our expertise, in-depth knowledge of the African Rift Valley and close to four decades of successful drilling experience.”