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January 23, 2026
1w ago

Kenya’s Geothermal Power Expansion Gets Major Bank Funding

Kenya’s Geothermal Power Expansion Gets Major Bank Funding

The Kenya Power and Lighting Company (KPLC) will purchase all electricity under a 25-year Power Purchase Agreement (PPA)..

✨ Key Highlights

Kenya has secured a KSh 2.1 billion loan from the African Development Bank (AfDB) to accelerate the development of the 35 MW OrPower Twenty-Two (OTTL) Geothermal Power Plant in the Menengai geothermal field, Nakuru County. This funding will help Kenya achieve its goal of expanding geothermal capacity and transitioning to 100% clean energy.

  • The OTTL plant will help Menengai Phase I reach its full 105MW capacity, with KPLC purchasing all electricity under a 25-year Power Purchase Agreement (PPA).
  • AfDB’s Director of Energy Financial Solutions, Wale Shonibare, highlighted the role of public-private partnerships in unlocking long-term benefits for Kenya’s energy sector.
  • The project, with a total estimated cost of KSh 11.8 billion, including an additional loan from the International Finance Corporation (IFC), will avoid 1.9 million tonnes of greenhouse gas emissions over 25 years.

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