09 May Kenyan President, Uhuru Kenyatta, breaks ground for Olkaria V Power Plant
The launch of the first stone of the Olkaria V geothermal power plant took place on 28 April.
Gesto, through its company SGC is developing the Olkaria V project since June 2015, and the power plant is expected to be commissioned by the end of 2018.
With an overall investment of around 220 million Euros, this is currently the largest geothermal project under development in Kenya and the largest project ever developed by Gesto.
Kenya has one of the largest reserves of geothermal energy and the Government plans to continue the development of the geothermal power plant to harness the power for the benefit of Kenyans.
The country expects that the peak load will grow to about 15,000MW by 2030 and the Government wishes that geothermal energy plays a lead role on energy supply once is not subject to the vagaries of the weather, and that it runs at a respectable rate more than 90pc of the time every year. This means that it can bring reliable power to every Kenyan home.
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