Kenya's KenGen to raise $12 billion for new plants
21 February 2012
Reuters - February 20, 2012
Kenya Electricity Generating Company (KenGen) said on Monday it planned to raise $12 billion to build six geothermal power plants that should generate 585 megawatts by 2016, as it pushes to diversify its power sources.
KenGen's Managing Director Eddy Njoroge told Reuters that his company was open to different financing models to raise the financing required.
Kenya is the first African country to drill geothermal power, tapping vast steam energy.