Kenyan company protects US$ 6.45 million energy agreement in Djibouti|News Ghana


Kenya Electricity Generating Company (KenGen) stated Thursday it has actually protected a 709.82 million shilling (about 6.48 million U.S. dollars) agreement to drill 3 geothermal wells in Djibouti.

CEO of KenGen Rebecca Miano stated that the agreement with Office Djiboutien de Developpement de l’energie Geothermique (Djiboutian Office of Geothermal Energy Development) (ODDEG) becomes part of the business’s diversity technique to leverages its proficiency in geothermal energy throughout Africa.

“It is therefore our desire that in the next couple of years, we shall have considerable presence in countries within the continent. It is also worth noting that we are not only keen on increasing our presence in Africa, but also enhancing energy capacities across the region,” Miano stated in a declaration provided in Nairobi.

In October 2019, the business protected a 53 million dollar agreement to drill 12 geothermal wells in Ethiopia, according to Miano.

The electrical energy manufacturer stated that it has actually purchased professionals with significant experience in geothermal expedition and drilling and will construct the capabilities of groups from Djibouti who will be dealing with the task.

Charles Keter, cabinet secretary of the Ministry of Energy, stated that African countries share the typical goal of providing electrical energy to their individuals, which offers a chance for the various nations to interact to fulfill the continent’s energy requirements.

“The biggest challenge has remained access to electricity in remote areas, and in Sub-Saharan Africa with 573 million people not having access to this important commodity,” he stated. “Although energy access policies have continued to bear fruit, with 2019 data showing tremendous progress, we have seen the coronavirus pandemic reverse the gains. We can only remain optimistic that things will change in 2021.” Enditem

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Kenyan company protects US$ 6.45 million energy agreement in Djibouti|News Ghana