NAIROBI, Kenya, Feb 23 – The European Investment Bank (EIB) has said that it will support the Kenya Electricity Generating Company’s (KenGen’s) green energy transition.
After visiting the Olkaria Geothermal Power Plant in Naivasha, EIB Vice President Thomas stros stated.
During the visit, KenGen and EIB discussed areas of potential collaboration.
“The European Investment Bank is committed to accelerating renewable energy across Africa and has supported visionary geothermal investment by KenGen here at Olkaria over the last 41 years,” said Östros.
Östros described Olkaria as a model for renewable energy for the rest of the world, claiming that Kenya had embraced clean energy sources, reducing the impact of global energy shocks and carbon emissions.
The visit comes at a time when Kenya is looking to deploy renewable energy sources as the country transitions to clean energy by 2030.
The EIB Vice President also toured the recently commissioned 86 MW Olkaria I Additional Unit 6 Geothermal Power Plant that is currently supplying the nation with additional renewable energy.
The EIB delegation was hosted by KenGen’s acting Managing Director and CEO, Abraham Serem.
