UK-based private power firm Globeleq has contracted Toyota Tsusho Corporation (TTC) to construct a $108 million (Sh13.5 billion) Menengai Geothermal Project in Nakuru as part of the Sh500 billion green investment programmes agreed upon between President William Ruto and UK Premier Rishi Sunak.
The 35 megawatts (MW) plant, whose financing agreements were signed in December last year with the African Development Bank, the Eastern and Southern African Trade & Development Bank and Finnfund, will be Globeleq’s first in the country.
