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November 11, 2021

Akiira geothermal project, Kenya

By Carmen

Akiira geothermal project is a 140MW geothermal power project. It is planned in Nakuru, Kenya. The project is currently in permitting stage. It will be developed in multiple phases. Post completion of the construction, the project is expected to get commissioned in 2022.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Geothermal 140 140 Permitting Nakuru, Kenya Akiira Geothermal; DI Frontier Market Energy & Carbon Fund

Description

The project is being developed by Akiira Geothermal and DI Frontier Market Energy & Carbon Fund. The project is currently owned by Akiira Geothermal.

The geothermal plant is of binary type.

Development Status

Post completion of the construction, the project is expected to get commissioned in 2022.

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Power Purchase Agreement

The power generated from the project will be sold to Kenya Power and Lighting under a power purchase agreement. The power will be sold at the rate of $0.092kWh for a period of 25 years. The capacity to be procured is 70MW.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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