GEOTHERMAL FOR KENYA GROWTH

Kenya’s Geothermal Investments Contribute to Green Energy Growth, Competitiveness and Shared Prosperity

February 23, 2015 (The World Bank)

“Kenya is investing in 280 megawatts of geothermal energy as part of its accelerated green energy growth program…The new geothermal power lowers electricity bills by over 30%, reducing the cost of doing business…The World Bank Group and other development partners are making a significant contribution to increasing electricity access to Kenyans, raising prospects for growth and shared prosperity…Kenya’s rapid investment in geothermal power in recent years is increasingly paying dividends…[Geothermal power] is generated from natural steam from the earth..[It is renewable but, unlike hydro, it] is not affected by vagaries of weather…Geothermal’s contribution to the national energy mix increased to 51% [in February, up from 13% in 2010], following the commissioning of two new plants with a combined capacity of 280 megawatts: Olkaria 1 and Olkaria 4 in the Rift Valley…Supported by the World Bank Group, Olkaria is one of the largest single geothermal investment projects in the world and geothermal is now the [country’s] largest source of electricity…[Kenya plans] to increase geothermal capacity by another 460 megawatts by 2018…” click here for more

click to enlarge

Tweet