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KenGen raises $920m for geothermal plant.

The Kenya Electricity Generating Company (Ken-Gen) has raised $920 in loans for a 280 megawatt (MW) geothermal project. KenGen has said the Olkaria IV geothermal plant (below), an extension of the Olkaria I and II plants that already produce a total 115 MW, is expected to be operational in 2014 and will cost about $1bn. Kenya is the first African country to drill geothermal power, tapping vast steam energy in the country's Rift Valley. The country has the potential to produce 7 000 MW of geothermal power and is targeting production of at least 5,000 MW by 2030,


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Title Annotation:BRIEFS; Kenya Electricity Generating Company
Comment:KenGen raises $920m for geothermal plant.(BRIEFS)(Kenya Electricity Generating Company )
Publication:African Business
Article Type:Brief article
Geographic Code:9VIET
Date:Jan 1, 2012
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