Toyota Tsusho to spend billions improving its Kenyan power generation

15 March 2015 (Last Updated March 15th, 2015 18:30)

Japan's Toyota Tsusho intends to invest billions of dollars in boosting the power sector in Kenya.

Japan’s Toyota Tsusho intends to invest billions of dollars in boosting the power sector in Kenya.

The decision by the Tokyo-based firm follows its successful completion of the Olkaria project, which generates 280MW of geothermal power.

Toyota Tsusho CEO Jun Karube said: "Kenya is a showcase for geothermal production in Africa.

"We are now ready to take further steps in the forthcoming projects."

The government intends to put many more geothermal projects on tender, Capital FM Kenya reported.

"Kenya is a showcase for geothermal production in Africa."

Toyota Tsusho executives made the announcement following a meeting with the President of Kenya Uhuru Kenyatta.

Tenders under consideration will include single units for Olkaria I and V projects, along with the geothermal units for Olkaria VI.

According to Karube, the firm also has interests in other power projects such as Menengai, Akiira, Longonot, Baringo-Silali and Suswa.

President Kenyatta said: "We are keen that we develop these resources.

"We have clear procedures and are looking forward to the processes being carried out in-line with our laws and procedures."

In addition to the power project, the firm is responsible for construction of a water desalination facility for the Kenyan city of Mombasa County. The $162m project will only be initiated after the Japanese firm obtains the letter of intent for it.