✕

KenGen sets aside 300 hectares for green industrial park

Business
By Antony Gitonga | May 26, 2024
KenGen Managing Director Peter Njenga. [Elvis Ogina, Standard]

The Kenya Electricity Generating Company (KenGen) has set aside more than 300 hectares of land in Olkaria, Naivasha, Nakuru county for a green energy park.

The industrial park, according to the electricity generating company will accommodate industrial and non-industrial activities with electricity supplied at subsidized rates.

This came as the power company welcomed the USD1B Microsoft-G42 Olkaria Data Centre Campus that is scheduled to be constructed next year.

During his visit to the US last week, President William Ruto and the AI and cloud computing company, committed to developing a renewable energy-powered cloud data center in Kenya.

KenGen Managing Director Peter Njenga, said they had identified 342 hectares in Olkaria for industrial and non-industrial activities.

Eng Njenga announced that investors at the park would get subsidised electricity from the geothermal power fields to boost production.

"The park development encompasses offices, data centers, research and development centers, hospitality spaces, a visitor experience center and commercial facilities," he said.

In a statement, the KenGen boss noted that various geothermal plants in Olkaria produce more than 800MW with the country boasting of over 980Mw from installed geothermal capacity.

"KenGen Green Energy Park has become a hallmark of Kenya's sustainable development and is a testament to our dedication to innovation, collaboration and responsible growth," he said.

At the same time, Njenga welcomed the Microsoft-G42 Olkaria Data Centre Campus saying that KenGen was ready to provide the needed green energy to power the project.

"The Microsoft and G42 green Data Centre Campus at our Green Energy Park will run on 100 per cent renewable geothermal power at the Olkaria Geothermal fields," he said.

He was optimistic that the project would redefine industrialisation in the region while providing a sustainable and clean source of geothermal energy for the industries.

Njenga noted that the new 'East Africa Cloud Region' based in Kenya would offer Microsoft Azure cloud services powered by G42's green data centres.

"This centre will provide scalable, secure, and high-speed cloud computing and AI capabilities to accelerate digital transformation across Kenya, East Africa and the continent," he said.

The KenGen boss said that as part of the ambitious project, G42 will build a sustainable Data Centre Campus powered entirely by geothermal energy from the Olkaria geothermal fields.

"This visionary project is set to redefine industrialisation in the region while providing a sustainable and clean source of geothermal energy," he said.

Share this story
Safaricom unveils Shari'ah compliant Ziidi MMF
CMA says that in the recent past, Kenya has seen increasing interest in such faith-based financial instruments, an area that is also gaining momentum globally.
Ruto unveils Sh390bn Geely electric mobility plan
The investment plan also includes 1,000 solar-powered charging hubs.
Kenya seeks private investors to fund 61 per cent of Sh598bn irrigation plan
Kenya is seeking private-sector financing for 61 per cent of its Sh598 billion irrigation plan as it targets more than 1.5 million irrigated acres by 2035.
Kenyans can now buy into Dangote's Sh207 billion IPO after CMA nod
The move marks the first transaction of its kind since Kenya issued its Policy Guidance Note on Global Depositary Receipts and Global Depositary Notes
How State blunders cost Kwale decade-long titanium boom
Base Titanium mining operations appear to have done little for the local community despite the billions the government received in taxes and royalties.
.
RECOMMENDED NEWS