Kenya Electricity Generating Co, Africa’s geothermal pioneer, plans to raise $1.95-billion to build new, and upgrade existing plants in a bid to almost double its power output from the renewable fuel. KenGen, as the Kenyan State-owned company is known, plans to add 651 MW from underground steam in the next five years, said Cyrus Karingithi, an assistant manager for resource development and infrastructure. Most of the funds will be sought from development financiers, Karingithi said in an interview on Tuesday at a geothermal field located about 120 km northwest of the capital Nairobi.
