Kenya: Ormat adds new Olkaria capacity
Issue 271
- 14 Feb 2014
| 1 minute read
Ormat Technologies has completed plant 3 in the Olkaria III geothermal power plant complex, bringing total generation capacity to 110MW. The power generated by the Olkaria III complex in the Hells Gate national park near Naivasha is sold under a 20-year power purchase agreement with Kenya Power. The new capacity will enable Kenya to decommission its remaining 30MW of costly rental power. Olkaria III was financed with a $310m debt facility from the Overseas Private Investment Corporation.
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