Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

KenGen to Seek $745 Million to Fund Geothermal Well Drilling

Kenya Electricity Generating Co., the East African nation’s biggest power producer, said it will seek “concessionary funding” for the $745 million needed to drill 209 geothermal wells over the next four years.

The company, based in Nairobi, plans to drill 168 wells from 2012 to 2014 and 41 wells in the 2015-16 period, Managing Director Eddy Njoroge told reporters today in the capital.

KenGen, as it’s known, expects to produce 585 megawatts of electricity from geothermal sources by 2018, he said. The company is also targeting production of 80 megawatts of thermal power and 120 megawatts of wind energy by 2014, Njoroge said.

“KenGen has in total acquired seven drilling rigs to enable it meet the ambitious targets,” the company said in a statement handed to reporters.

KenGen yesterday reported first-half profit jumped 33 percent to 1.19 billion shillings ($14.4 million) as revenue increased to 7.8 billion shillings from 6.6 billion shillings. The company currently has an installed capacity of 1,185 megawatts, Njoroge said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.