Browsing: Drilling geothermal wells

KenGen competing against monopoly Kenya Power earnings 

Industry and Trade

Future plans for the company include starting work on another Ethiopian project. The firm has also signed a contract worth US$7.9 million to drill three geothermal wells in Djibouti. 
KenGen, in its attempts to boost its revenues, has eyes for similar deals in Tanzania, Uganda, Rwanda, Sudan, South Sudan and Comoros. This is where the company may floor Kenya’s monopoly power utility company.
There has been disorder after KenGen previously rejected a plea from Kenya Power to avoid paying a penalty of US$9.36 million which had accumulated due to late sales payment.…

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