Kenya Electricity Generating Company (KenGen) #ticker:KEGN has won a Sh5.2 billion tender to drill geothermal wells in Ethiopia, marking the second win in the landlocked country in under four months.
Business development director at KenGen Moses Wekesa said it has reached an agreement with an independent power producer (IPP), Tulu Moye Geothermal Operations Plc, located in the eastern region of Ethiopia, to drill wells and offer geo-scientific survey.
