Jubilee Dev - Japanese firm Marubeni to setup geothermal plant

News & Politics
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Japanese firm Marubeni to setup geothermal plant

WEDNESDAY, SEPTEMBER 5, 2018 20:29

BY BRIAN NGUGI

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Rebecca Miano KenGen managing director Rebecca Miano. FILE PHOTO | NMG

Japanese firm Marubeni has won the tender to construct KenGen’s new 83MW geothermal power plant in Naivasha for an undisclosed fee. The firm said it will partner with Fuji Electric Co Ltd Japan in the project expected to be completed in 2021. KenGen managing director Rebecca Miano said the project was an extension of the existing Olkaria I units 4 & 5 geothermal power.

“Marubeni Corporation has been awarded a full turn-key engineering, procurement and construction contract from Kenya Electricity Generating Company Limited in relation to the construction of a class geothermal power plant in the Olkaria area of Nakuru County,” said the conglomerate, which has offices in Nairobi.

The plant set to be the sixth power unit of the Olkaria 1 geothermal complex is being financed mainly through a loan provided by Japan International Co-operation Agency (JICA) and European Investment Bank (EIB).
Marubeni said the project will be its first in Africa. The Japanese firm, which is also involved in the wind, solar, hydropower and biomass sectors, has so far installed more than 900MW of geothermal power capacity. In March this year, another Japanese firm Mitsubishi Corporation bagged the tender to construct KenGen’s 140MW Olkaria V geothermal power plant in Naivasha.

Mitsubishi Corporation won the $555 million (Sh57.4 billion) project expected to be completed in 2019. It will work in a three-company consortium with Mitsubishi Hitachi Power Systems and local firm H Young & Co. The plant is being financed mainly through a loan of ¥45.7 billion (Sh40 billion) provided by the JICA. KenGen has also directed some of the proceeds of its Sh26.5 billion rights issue towards the project. Toyota Tsusho and KenGen plan feasibility studies for geothermal installations beyond Olkaria.

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that sh*t expensive asf

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Geothermal is capital intensive and takes time almost a decade from geo mapping to plant. We just have to bear it now for our future generation. Its base power so its worth it. +90% efficient, reliable and green power.

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Such a blatant government agent

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Wakora hawakosangi kwa deal kama hizi.

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I don’t think he is an agent, he is too much of an dumb amateur, most times he makes the govt look worse. I sometimes forget about all the corruption going on but everytime I see this clown’s so-called “project” threads I am again reminded of the savage theft. The government would be much better off if this guy didn’t post. He talks in such a light-headed naive manner.
He is obviously a old fart who is excited by any insignificant announcement of a future planned project that is announced, never questioning the authenticity or cost. But why would he care about the details??? It is the young generation that are going to pay for all this fucking bullshit debt accumulating. Guka doesn’t care so long his precious chumbilee seems to be winning. He can’t even wait for the complete projects, announcements of future projects that will probably never see the light of day are enough to get his senile dick hard.
If this clown is allowed to be on ktalk I never want to hear admin threatening to ban anyone here for low quality content.

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Resources at the earth crust(Kenya) is almost exhausted, the loss that will be incurred will be catastrophic.