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 geothermal project in Nakuru County, Kenya.
Globeleq provides expertise in equity, project development, and construction management.
Menengai is a greenfield geothermal project and part of the larger Menengai complex's first phase. Construction is anticipated to begin in Q1 of 2023, once financial close has been reached. Once it begins commercial operations in 2025, Globeleq will run and maintain the power plant.
Country updates
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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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June 29, 2022
KenGen completes the commissioning of 140 MW PPP Olkaria Geothermal Power Project
Kenya Electricity Generating Company (KenGen) has announced the commissioning of Unit 6 of the Olkaria Geothermal Power Project in Nakuru County, Kenya. Unit 6 adds 83 MW of electricity to...
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April 08, 2022
KenGen completes construction of 83 MW Olkaria I Unit 6 geothermal power plant in Nakuru
Kenya Electricity Generating Company (KenGen) has completed the construction of the 83 MW Olkaria I Unit 6 Geothermal Power Plant project located in Nakuru County, Kenya. The plant's turbi...
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