Wednesday, April 25, 2012
Becoming Economic Heartbeat of Continent
When Kenya's newly announced geothermal power generation project comes online, it will turn the East African country into an economic powerhouse in the region.
In April, the government launched the Menengai Geothermal Development Project, the first initiative of its newly formed Geothermal Development Company, which has been set up to fast track the development of geothermal resources here.
According to its chief executive officer, Dr. Silas Simiyu, by 2016 the first phase will generate 400 MW, which is enough to light up 500,000 households and run 300,000 small businesses.
"It is situated 180 kilometres northwest of Nairobi, and will have a capacity to produce 1,600 MW of electricity by the time we implement all three phases in 2030," said Simiyu.
According to Nashon Adero, a policy and economic analyst at the Kenya Institute for Public Policy Research and Analysis, the first phase of the project will have a significant impact on the country as it moves towards industrialisation. read more: allAfrica.com/stories
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