Akiira Geothermal project in Kenya hires KenGen for geoscience study

Akiira geothermal project site, Naivasha/ Kenya (source: Akiira One) News from Kenya report that the Akiira Geothermal, a geothermal project by Centum, has hired Kenya Electricity Generating Company (KenGen) for a geoscience study after the project drilled the two wells on the site, yet not securing sufficient flow for planned power production..

With the KenGen contract, Akiira aims to gather further data to help the company develop its project.

“We are conducting a geoscientific study with Akiira and we will have a preliminary report by March,” said Cyrus Karingithi, the assistant manager, resource development and infrastructure at the KenGen in an interview with Business Daily.

The company is now planning to continue the EUR 310 million, 70 MW geothermal project despite the earlier set back.

The Akiira Geothermal project company is owned by Centum Investments (37.5%), and the remaining stake owned by Ram Energy, Marine Power and Danish investment firm Frontier Markets.

Centum is also in discussions with potential strategic partners for a joint development of the field, with drilling possibly resuming after the first quarter of 2020.

Source: Business Daily Africa

Stay in the Know!

Sign up for the latest news and information on African Companies and Economy.

By signing up, you agree to receive MoneyInAfrica offers, promotions and other commercial messages. You may unsubscribe at any time.

Leave a Reply