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Kenya: Construction of 35-Megawatt Menengai Geothermal Power Project Starts

TagsFinance and Investment, Renewable Energy
geo thermal

<p>Nairobi — The government broke ground on the construction of a 35-megawatt (MW) Menengai Geothermal Power Plant in Nakuru County as it seeks to grow clean energy sources.</p>

<p>The project was officially opened by Deputy President Rigathi Gachagua today.</p>

<p>President William Ruto's administration is betting on geothermal power sources to transition the country to a 100 percent transition to green energy amid climate change.</p>

<p>"This will contribute to lowering the cost of energy and accelerate Manufacturing, Digital Economy, among other benefits," said Gachagua.</p>

<p>"As one of the countries most affected by climate change, we are determined to attain our target of 100 percent transition to green energy; it is clean, reliable, affordable, and sustainable."</p>

<p>The high cost of power is attributed to the exorbitant cost of producing electricity through generators, which is passed on to final consumers.</p>

<p>The Menengai project is part of Kenya's commitment, which was announced at COP27 in November 2022, to fast-track green investment projects worth $3.99 billion.</p>

<p>Financing agreements for the project were signed in December 2022 with the African Development Bank (AfDB), the Eastern and Southern African Trade &amp; Development Bank, and Finnfund.</p>