May 09 | 2023
Kenya wants to use its geothermal energy to drive industrialisation
The Kenya Electricity Generating Company PLC, KenGen, has launched a tender that will allow investors to lease land and set up facilities at its flagship geothermal energy production site in Kenya.
The proposed KenGen Green Energy Park will be located on 845 acres at the Olkaria geothermal field in Naivasha, where the east African country has been producing geothermal energy since the 1980s.
The Park, to be managed by a developer or sub-developers, will leverage on available geothermal resources to provide industrial, commercial and recreational facilities and boost industrialisation. KenGen said the Energy Park would be developed in four phases during the span of 2025 to 2045.
“The objective of the expressions of interest is to seek applications from potential Sub developers and individual manufacturing/processing firms that are interested in leasing land and setting up,” KenGen, the state-owned power produce, said in a statement containing details of the tender, noting applicants would be shortlisted towards an RFP process. The power producer is betting on “access to high quality reliable utilities enabling uninterrupted and stable production” to attract investors.
Bidders are expected to submit their Expression of Interests on or before 31st May, 2023 at 1400 hrs.
Powering industrialization with clean energy
Kenya, east Africa’s largest economy, plans to become an upper middle- income industrialised country in a clean and secure environment by the year 2030.
To bring the industrialization dream to life, the country is creating a positive investment climate – partly through geothermal powered industrial parks – to attract international firms seeking a location for regional or pan-African operations.
Kenya is banking on its enviable track record. The country is a regional leader in clean energy development with more than 90 percent of its on-grid electricity coming from renewable sources, most of it geothermal energy (43.5%) and hydropower (36.5%).
Kenya, through its Nationally Determined Contribution to the Paris Agreement targets, also seeks to reduce its already low greenhouse gas emissions a further 32 percent by 2030. It has consequently prioritized low-carbon resilient investments.
The geothermal powered Green Energy Park in Olkaria, Naivasha, is one of those investments.
Continue the conversation at Green Energy Africa Summit 2023 register your interest here.
The proposed KenGen Green Energy Park will be located on 845 acres at the Olkaria geothermal field in Naivasha, where the east African country has been producing geothermal energy since the 1980s.
The Park, to be managed by a developer or sub-developers, will leverage on available geothermal resources to provide industrial, commercial and recreational facilities and boost industrialisation. KenGen said the Energy Park would be developed in four phases during the span of 2025 to 2045.
“The objective of the expressions of interest is to seek applications from potential Sub developers and individual manufacturing/processing firms that are interested in leasing land and setting up,” KenGen, the state-owned power produce, said in a statement containing details of the tender, noting applicants would be shortlisted towards an RFP process. The power producer is betting on “access to high quality reliable utilities enabling uninterrupted and stable production” to attract investors.
Bidders are expected to submit their Expression of Interests on or before 31st May, 2023 at 1400 hrs.
Powering industrialization with clean energy
Kenya, east Africa’s largest economy, plans to become an upper middle- income industrialised country in a clean and secure environment by the year 2030.
To bring the industrialization dream to life, the country is creating a positive investment climate – partly through geothermal powered industrial parks – to attract international firms seeking a location for regional or pan-African operations.
Kenya is banking on its enviable track record. The country is a regional leader in clean energy development with more than 90 percent of its on-grid electricity coming from renewable sources, most of it geothermal energy (43.5%) and hydropower (36.5%).
Kenya, through its Nationally Determined Contribution to the Paris Agreement targets, also seeks to reduce its already low greenhouse gas emissions a further 32 percent by 2030. It has consequently prioritized low-carbon resilient investments.
The geothermal powered Green Energy Park in Olkaria, Naivasha, is one of those investments.
Continue the conversation at Green Energy Africa Summit 2023 register your interest here.
