State-owned electricity producer Kenya Electricity Generating Company (KenGen) #ticker:KEGN has extended the search for a joint venture (JV) partner for a geothermal plant until Friday as it looks to raise its stock of green energy.
KenGen, which has a 1,796.4 megawatt (MW) annual capacity and supplies 75 percent of the Kenya’s electricity, said last November the successful firm will enter into a joint venture with KenGen and create a special purpose vehicle (SPV) to finance and develop a 140MW geothermal plant in Olkaria, Naivasha.
