Last Updated 14 years ago by Kenya Engineer
As the country continues to diversify investment of power from hydro, KenGen acquired 8000 acres for more thermal power projects in Olkaria, Naivasha. According to a feasibility study, the land is able to produce 700 megawatts which are an important in feeding the increasingly growing demand for power.
The company recently secured a Sh1.32billion loan from the Belgian Government and Belgium’s KBC Bank to finance the installation of Wind turbines at the KenGen’s Ngong Hills power plant. The funds will be used to increase the power output of the Ngong field from the current 5.1 mega watts to 25.5 megawatts.
The company also has plans to acquire land in Marsabit to set up a wind power plant. Studies show that wind speeds at Marsabit are good for power generation and thus they chose the place. Negotiations are however ongoing even as the firm is considering which mode of financing to use on the project.
The initial estimates indicate that the project which will see generation of 300 mega watts of wind energy will cost about Sh85 billion. This includes the setting up of power transmission infrastructure in the area which is largely left out of the national grid. The company estimates that the nearest substation from where electricity generated at the proposed plant can be hooked into the network is about 700KM away.
Other than thermal and wind power, the power producer is also seeking to set up a 10 mega watt solar power plant in either Magadi or Lamu.
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