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Miner ventures into power generation with 140MW plant

Geothermal now accounts for 29 per cent of Kenya’s energy mix, up from the previous 13 per cent four years ago. PHOTO | FILE
A geothermal well at the Menengai Crater. Geothermal now accounts for 29 per cent of Kenya’s energy mix, up from the previous 13 per cent four years ago. PHOTO | FILE 

A Kenyan gold explorer is the latest investor seeking to get into power production with the planned construction of a 140 megawatts (MW) geothermal plant in Turkana County.

Olsuswa Energy, a company owned by Mayfox Mining’s chairman Manga Mugwe, is seeking to construct the power plant at a cost of $402 million (Sh42.8 billion), with planned transmission into the national electricity grid.

Most of the capital outlay is expected to be in the form of debt from development finance institutions including Denmark’s DI Frontier Market Energy & Carbon Fund.

The energy firm says it will begin exploratory work in the first quarter of 2016, drilling a year later and planned transmission of the first phase of the 70MW expected to happen in 2022.

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