KenGen has announced a significant investment of Sh32 billion in a new 80MW geothermal power plant in Olkaria, Naivasha.
The project, known as Olkaria VII, will further solidify Kenya’s position as a regional leader in geothermal energy.
The Olkaria VII project will increase KenGen’s geothermal capacity from 799MW to 879MW, contributing significantly to the country’s renewable energy targets.
Geothermal energy is a clean and sustainable source of electricity, and its development aligns with Kenya’s ambitious Vision 2030, which aims to achieve a modern, industrialized economy by 2030.
Beyond its environmental benefits, the Olkaria VII project also offers significant economic advantages. The plant is expected to generate approximately $29 million in carbon credits annually, providing a valuable revenue stream for Kenya.
Additionally, the project will create jobs and stimulate economic activity in the Naivasha region, contributing to Kenya’s overall development.
However, the development of geothermal power plants also raises environmental concerns. The Olkaria VII project is located near Hell’s Gate National Park, a protected area known for its diverse wildlife.
KenGen is working with the Kenya Wildlife Service to ensure strict environmental management. They aim to reduce the project’s impact on the ecosystem.
The Olkaria VII project will create jobs and boost the local economy. However, it might also cause land use changes and displacement.
It is crucial to engage the affected communities in the decision-making process to ensure their concerns are addressed and a sense of ownership is fostered.
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