Tuesday, June 9

Kenya

www.theexchange.africa

The Djiboutian venture is part of KenGen’s ambitious diversification strategy, in which the company is seeking to acquire new revenue streams by offering commercial drilling services, geothermal consulting and other related services across Africa.

This is the third mega geothermal drilling contract that KenGen is implementing in Africa. In October 2019, the company secured a KSh 5.8 billion contract to drill 12 geothermal wells in Ethiopia.

The contract with Ethiopia’s independent power producer Tulu Moye Geothermal Operations (TMGO) PLC includes installing a water supply system and equipment.

Most business executives in Kenya expect a stable economy after the August 9 general elections

An integrated green hydrogen and green ammonia manufacturing facility in Kenya, powered by renewable energy, is currently being evaluated by Fortescue Metals Group Limited’s (Fortescue) fully owned subsidiary, FFI.

In addition to the construction of large-scale green energy projects around the world, FFI is rapidly progressing and investing in a wide spectrum of green energy activities.

A statement from FFI CEO Julie Shuttleworth: “FFI is devoted to promoting economic growth, employment opportunities for youth, small and medium-sized businesses, and alleviating poverty in the communities where we operate.”

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