Globeleq, a multi-billion UK company, will lead the Menengai Geothermal Powerplant to provide over 750,000 Kenyans with affordable and clean energy.
The project is part of the Ksh500 billion green investment projects between Kenya and the UK.
At least 200 Kenyans will be employed through the project, according to outgoing UK ambassador to Kenya, Jane Marriott,
"This plant will both advance Kenya's global leadership on climate change and bring down the cost of power- showing that green growth is good for business and good for Kenyans," Marriott stated in February 2023.
The plant is expected to generate 35MW of electricity purchased by Kenya Power for distribution to Kenyans nationwide.
Established in 2002, Globeleq heads development projects, especially in African power plants.
"We have the financial strength, and management and operational expertise to power Africa to realise its potential," it states on its website.
The firm has regional offices in Nairobi, Cape Town (South Africa), and Douala (Cameroon), with the head office in London.
Globeleq is owned by British International Investment (BII) with 70 per cent shares and Norfund with 30 per cent shares and seeks to deliver economically and environmentally sustainable energy projects.
It partners with financial investors, fuel suppliers, and technology partners to create effective solutions.
Some technologies the company uses to generate electricity include Heavy Fuel Oil (HFO), gas, wind, solar and geothermal.
Meanwhile, other projects Kenya has partnered with the UK include Nairobi Railway City (Ksh11.5 billion), Malindi Solar Expansion (Ksh7.5 billion), Grand High Falls Dam (Ksh425 billion), United Green (Ksh31 billion), and Guarantees.
