KenGen’s geothermal deals in Ethiopia good for Kenya

Geothermal readily attracts project funding from global multilateral investment institutions and private equity. FILE PHOTO | NMG

My article in this column last week was on how Kenyan firms with oil and gas experience and capacity can venture into the fast growing natural gas developments in Mozambique. This is what Kengen, the Kenyan power generating firm, has done in Ethiopia where the company is “exporting” its geothermal technical capacity gained over years.

And this is indeed a good story because, firstly it proves that Kenya has sufficiently matured its geothermal technical “local content” to international standards. And secondly because Kengen will earn foreign exchange for Kenya while providing external contracting exposure to its employees.

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Note: The results are not exact but very close to the actual.