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KenGen of Kenya seeks partner to help develop geothermal plants

from Bloomberg

Kenya Electricity Generating Co. said it may partner with U.S., Chinese or Indian investors to finance and develop geothermal plants, including a $650 million facility that will generate as much as 180 megawatts.

KenGen, as the company is known, will probably take a minority stake in Olkaria VI, the plant it expects to begin building in 2018, as it tries to step up generating capacity to meet at least half of the East African nation's requirements, finance director John Mudany said Wednesday in an interview in the capital, Nairobi. more


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