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Deal #4123 Version #65881

Kenya

Created at

2013-10-04

Last update

2018-01-17

Last full update

2024-11-19

Land area

Intended size

8 000 ha

Size under contract (leased or purchased area)

[2013] 8000.0 ha
[2014, current] 12000.0 ha

Comment on land area

the ESIA describes the surrounding area as a parcel of 75769 acres (= 30663 ha) and states "part of this land would need to be acquired" for the project (see ESIA Report ix). It additionally states that 1461 ha are envisaged for the project, affecting 3 villages (ibid.: xi). In its Daily Nation Statement (2013-7-30) the company (KenGen) however claims that land has been acquired (no concrete info regarding size), that this acquisition affects 4 villages and it claims its intention to expand in neighbouring areas. The Olkaria geothermal field occupies a circular area of about 80km2.

Intention of investment

[current] Renewable energy unspecified

Comment on intention of investment

geothermal project

Nature of the deal

Outright purchase

Negotiation status

[2010] Intended (Expression of interest)
[2013] Intended (Under negotiation)
[2013, current] Concluded (Contract signed)

Comment on negotiation status

State-supported Export-Import Bank of China signed the concessional loan agreement with finance minister Uhuru Kenyatta to help develop the 140 megawatt geothermal plant in 2010.

Implementation status

[2013] Startup phase (no production)
[2014, current] In operation (production)

Comment on implementation status