Alphaxioms Geothermal News and Related Research Globally

Kenya Secures Ksh 6 Billion IFC Loan to Accelerate Menengai Geothermal Project 🚀🌱 By:  Robert Buluma Kenya’s green energy future just received a significant boost!  The International Finance Corporation (IFC) is planning a Ksh 6 billion (~$40 million) loan to accelerate construction at the Menengai Geothermal Project near Nakuru, a cornerstone in the country’s renewable energy ambitions. This funding is earmarked for the construction phase of one of the 35MW Independent Power Producer (IPP) plants within the larger 105 MW Menengai geothermal complex. Once fully operational, the complex is expected to supply clean energy to nearly 500,000 households, a huge leap toward Kenya’s goal of 100% clean energy generation by 2030. Why This Matters for Construction and Development 1. Project Acceleration The IFC loan ensures that construction continues smoothly and rapidly, keeping Kenya on track to expand its baseload renewable energy capacity. 2. Energy Security Unlike solar or wind...

 Bringing Sustainable Energy to Kenya: Globeleq's 35 MW Geothermal Power Project in Menengai In a significant stride towards sustainable energy development in Kenya, Globeleq, a leading independent power producer, is set to embark on a groundbreaking 35 MW geothermal power project in Menengai. With the project slated to commence construction next week, the collaboration between Globeleq and its partners marks a pivotal moment in Kenya's renewable energy journey. Mobilization of Construction Teams and Commencement of Civil Works Globeleq has joined forces with prominent EPC contractors, Toyota Tsusho Corporation and CFAO Kenya Limited, to kickstart the mobilization of construction teams. The commencement of civil works signals the beginning of a transformative phase for the Menengai region and the broader Kenyan energy landscape. Timeline and Project Scope The construction phase is estimated to span 23 months, with full operation expected to commence around the quarter of 2025. ...