Kenya Electricity Generating Company (KenGen) has commenced a detailed geoscientific studies on the potential of a Ksh 250 million geothermal power development project in Eswatini.
According to the firm, the studies which will be completed within a few months will establishing the feasibility of developing a geothermal power plant.
“Our strategic focus is on expanding our footprint beyond Kenya and leveraging our geothermal expertise to foster sustainable development across the continent. This partnership with Eswatini marks another significant step in our mission to support Africa’s renewable energy ambitions and mitigate the effects of climate change.” said Chief Executive Officer Peter Njenga.
Early this year, KenGen signed the contract with the state-owned Eswatini Electricity Company (EEC) for the development of a geothermal power plant as the country seeks to harness the renewable energy to support its economic growth.
Through the project, Eswatini also targets to achieve energy security and support sustainable development in a bid to combat climate change.
“I am optimistic that our geoscientific studies will confirm the viability of Eswatini’s geothermal resources, enabling the country to increase its renewable energy portfolio and enhance its baseload capacity. This project also reinforces KenGen’s strategy to diversify revenue streams and ensure financial sustainability through geothermal consultancy and related services,” added Njenga.
EEC further targets to support its energy demands which is currently pegged at 234MW against an installed capacity of 71MW.
During the announcement at this year’s AGM, KenGen Board Chairman Frank Konuche described the new partnership as a strategic move by Eswatini to tap into its natural resources while contributing to Africa’s sustainable energy goals.
“For KenGen, the project is a testament to our growing influence in geothermal development across the continent,” he stated.
The Eswatini project is one KenGen’s latest geothermal development contract in Africa, following successful ventures in Djibouti, Ethiopia, and Tanzania.
Kenya remains the continent’s leading geothermal energy producer and ranks among the top 10 globally, with an installed geothermal capacity of 754MW.
