Deal #4123

Kenya
Created at
2013-10-04
Last update
2024-11-19
Last full update
2024-11-19

Land area

Intended size
8 000 ha
Size under contract (leased or purchased area)
  • [2013, current] 8 000 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

Intention of investment
  • [current] Renewable energy unspecified
Comment on intention of investment
geothermal project

Carbon offset project

Carbon offset project
Yes

Nature of the deal

Nature of the deal
Outright purchase

Negotiation status

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

Implementation status
  • [2013] Startup phase (no production)
  • [2014, current] In operation (production)
Comment on implementation status
Olkaria IV started commercial operation in September 2014

Contract farming

Contract farming
No