Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
KenGen Managing Director & CEO, Rebecca Miano, Deputy Director General of UNIDO, Shigeru Maeda and Senior Vice President of JICA signed the declaration on cooperation Friday in Tokyo, Japan


Okaria V geothermal power plant 40pc complete: KenGen MD

KenGen Chair Joshua Choge, Managing Director Rebecca Miano and Simon Ngure, the Regulatory Director

MOMBASA, Kenya, Jun 18 – The Olkaria V Geothermal Power Plant is now 40 percent complete, KenGen Managing Director Rebecca Miano said on Monday.

The Sh40 billion (USD400 million) project is expected to be commissioned by July 1, 2019 producing 168 megawatts.

She said this is part KenGen’s ambitious green energy project aimed at delivering an additional 720 MW to the current 1,631 MW of renewable energy by 2020.

“The project is on course and within the budget. We know geothermal is much cheaper than other thermals, therefore we expect to see some changes in the prices of power,” she said.

She, however, added that the pricing of power is set by the Energy Regulatory Commission and the Ministry of Energy.

“The project is now 40 per cent complete and we have not heard any kind of whisper or any scandal. It is not that we are too good, but both the Board and Management are guided by ethics and integrity,” said KenGen Chairman Joshua Choge.

He said KenGen Board of Directors is doing its oversight role and has allowed the management to implement the project without any undue interference.

The G2G Innovation seminar brings together 500 KenGen employees and local and international stakeholders to deliberate and discuss innovative ideas.

According to KenGen, it is through these seminars that the concept of geothermal spa was conceived. Other concepts that were hatched include the establishment of KenGen Industrial Park, whose development is at advanced stages.

Advertisement. Scroll to continue reading.
Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...