Gesto Signs Contract for Geothermal Power Plant with Kengen

NEWS

Gesto Signs Contract for Geothermal Power Plant with Kengen

Gesto Energia, represented by its COO – Pedro Borges Fernandes, signed on May 28th in Nairobi with, Kenya’s electricity generation company – KenGen (http://www.kengen.co.ke), a contract for engineering services and supervision of geothermal power plant Olkaria V, which will have an installed capacity of 140MW.

KenGen currently operates two geothermal power plants: Olkaria I (45MW) and Olkaria II (105 MW), therefore, Olkaria V power plant will be in 2019 – expected date of its commissioning, the largest KenGen geothermal plant.

Olkaria, located 120 km north of the Kenyan capital, Nairobi, is an area with high geothermal potential and where the development of geothermal energy in Africa started, in 1981, with the draft Olkaria I.

Currently, Kenya has a total installed capacity of 400 MW of geothermal projects for electricity generation, being Olkaria V with 140 MW the next big project of electricity generation to be built.

Also for Gesto this will be the biggest geothermal project ever developed. To recall that Gesto is already developing, through its subsidiary Gesto Italia, 4 geothermal projects (Mazzolla, Montenero, Cinigiano and Montalcino) in the Tuscany region in Italy, next to the geothermal fields of Larderelo -Travale and Monte Amiata – the largest geothermal fields in Europe and one of the largest in the world.