- Once the Globeleq project is operational, electricity will be sold to Kenya Power under a 25-year PPA.
- Fuji Electric is the supplier of the geothermal power facility.
Globeleq and Geothermal Development Company (GDC) have announced that they have reached a financial close on the Menengai geothermal project in Kenya. The project is a USD 117 million 35 megawatts (MW) project in Nakuru County. This development will give Kenya 35MW more clean, affordable, and reliable power.
Globeleq is expected to issue a notice soon to proceed to the Toyota Tsusho Corporation (TTC) and their fully owned subsidiary, CFAO Kenya Limited. CFAO Kenya Limited is the engineering, procurement, and construction (EPC) contractor for the project. The planned 35MW geothermal power project will be Globeleq’s first geothermal plant. This is one of three Independent Power Producers (IPPs) assigned to build power plants to utilise the geothermal resources in Menengai.
Steam will be supplied to the project by GDC under a 25-year project implementation and steam supply agreement. Globeleq will operate and maintain the power plant once it reaches commercial operations in 2025. Once operational, electricity will be sold to Kenya Power, the national distribution company, under a 25-year power purchase agreement. A groundbreaking ceremony for the power plant was held in June 2023, followed by the announcement of the selection of Fuji Electric as the supplier of the geothermal power facility.