Wednesday, December 6, 2017

Kenya: Ground Breaking at 35 MW Menengai Geothermal Energy Project in March

Cement tycoon buys Moi out of Sh8bn Menengai power plant firm (Business Daily Africa)

Steel and cement tycoon Narendra Raval has bought Baringo Senator Gideon Moi’s stake in a company that won a lucrative deal to build a 35 MW geothermal power plant in Menengai, Nakuru County.

The billionaire’s Devki Group now fully owns Sosian Menengai Geothermal Power, one of the three firms that State-owned Geothermal Development Company (GDC) awarded exclusive rights to set up a steam plant under a build–own–operate model.

The businessman said the investment in geothermal power plant will top $82 million (Sh8.2 billion) and groundbreaking is slated for mid-March. Construction of the plant is expected to take about 18 months.

Ormat Technologies and Quantum Power are the two other firms selected to build a 35 MW steam power plant each on a public-private partnership basis.
The three firms were picked in mid-2014, but work on the power plants is yet to kick off to date.