NAIROBI, Kenya, Mar 15 – Kenya Electricity Generating Company (KenGen) has onboarded a fourth investor at its Green Energy Park in Olkaria after signing an agreement with Synergetic Development Group to establish a steel logistics and fabrication facility.
The investor will utilize 18MW of geothermal power, 10 acres of land and 360 cubic metres of water annually to develop an integrated logistics centre for steel products and a steel fabrication plant at the park in Olkaria, Naivasha.
The agreement was signed during the WRC Safari Rally 2026 at KenGen’s geothermal stage.
KenGen Managing Director and CEO Peter Njenga said the investment signals growing confidence among industrial players in the company’s green energy offering.
“The onboarding of Synergetic Development Group as our fourth investor at the KenGen Green Energy Park is a testament to the growing confidence that industry players have in our green energy offering. KenGen is committed to providing reliable, competitively priced geothermal energy that powers not only homes but also industries, creating jobs and driving sustainable economic development in Kenya,” he said.
Njenga described the partnership as a milestone in clean industrialisation, noting that geothermal power can bridge Africa’s green energy potential and its manufacturing future.
Synergetic Development Group CEO Stephen Kiarie said the investment aligns with the company’s strategy to leverage renewable energy to produce green industrial products.
“With our expertise in project delivery in Kenya and across 14 countries in the region, we will hit the ground running to deliver this project on time and on budget,” Kiarie said.
The addition of Synergetic Development Group brings the total number of investors at the Green Energy Park to four, as KenGen positions the facility as a hub for energy-intensive industries seeking clean and affordable geothermal power.
The park, located in Olkaria, is designed as a special economic zone targeting industries that require reliable green energy, land and water to support Kenya’s industrialisation agenda under Vision 2030.
