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
Of demand and supply: Why affordable housing uptake has slowed down
The lack of a pool of potential homebuyers from which the market can draw whenever units are ready is the biggest setback derailing affordable housing delivery in the country. 
New policy fails to deliver tax predictability, expand tax base
Businesses and households are still struggling with an unpredictable tax regime that is also heavily reliant on a small pool of taxpayers, three years after implementation of National Tax Policy. 
Why investing in real estate over paper wealth makes sense
Joseph Ng'ang'a has an interest in real estate because he's assured the investment will appreciate over time, rather than spreading the risks in the stock and money markets, where stocks can crash.
New solutions seal energy access gaps for homes
More than 600 million people in the world have no access to electricity today, with Sub-Saharan Africa bearing the largest share of the energy gap. 
State rallies support for Sacco reforms
Cooperatives and MSMEs Development Cabinet Secretary Wycliff Oparanya has intensified his quest to institute radical reforms in the country’s cooperative movement. 
.
RECOMMENDED NEWS