Globeleq has signed an engineering, procurement, and construction (EPC) contract as well as a long-term service agreement (LTSA) with Toyota Tsusho Corporation (TTC) for the 35 MW Menengai geothermal project in Nakuru County, Kenya.
The US$108 million project will be the company's first geothermal plant. Globeleq already inked financing agreements with the African Development Bank, the Eastern and Southern African Trade & Development Bank, and Finnfund in December 2022.
Kenya and UK agreed to expedite KES500 billion (US$3.9 billion) worth of green investment projects, including the Menengai project. After the financial closing, construction will commence in Q1 of 2023. Globeleq will manage the power plant once it starts commercial operations in 2025. Fuji Electric will supply the steam turbine and generator.
Country updates
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December 22, 2022
Gridworks to invest in Virunga Power
Gridworks has announced that it will invest US$50 million in Kenyan renewable energy firm Virunga Power. Virunga Power, an African rural electric company that develops, invests in, and runs distribut...
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December 16, 2022
Globeleq signs financing agreement for 35 MW geothermal project in Nakuru County
Globeleq has signed a US$72 million in debt financing with African Development Bank (AfDB), Finnfund, and the Eastern and Southern African Trade & Development Bank (TDB) for the 35 MW Menengai geo...
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November 22, 2022
KTPC launches tender for two solar projects in Kenya
KTDA Power Company Limited (KPTC), on behalf of Highlands Power Generation Company, invites tenders from eligible bidders for the design, financing, construction, and operation and maintenance of Sola...
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September 01, 2022
KenGen, Toshiba partner for O&M services for geothermal projects
Kenya Electricity Generating Company PLC (KenGen) and Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) have signed a memorandum of understanding (MOU) for Operation and Maintenance (O&...
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August 12, 2022
KenGen launches consultancy tender for green hydrogen production plant in Naivasha
The Kenya Electricity Generating Company Plc (KenGen) has launched a Request for Proposal (RFQ) tender to solicit consultancy services to conduct a feasibility study for green hydrogen, ammonia, and f...
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