KenGen has completed drilling the deepest geothermal well in Ethiopia, reaching a depth of 3,000 meters, surpassing a target of 2,750 meters.
This marks the second of eight geothermal wells KenGen has been contracted to drill for the state-owned electricity producer, Ethiopia Electric Power Company which was delivered successfully amid the Covid-19 pandemic.
"We are happy to see our teams deliver the same level of success in the Horn of Africa as we do back home in Olkaria where we have also drilled several geothermal wells to depths of 3,000 meters," acting Geothermal Development Director, Peketsa Mangi, said.
KenGen team is optimistic that the project which is part of the company's diversification strategy once completed will help catalyze economic development in the horn of Africa through the provision of renewable energy while at the same time increasing access to electricity.
According to KenGen's Finance and ICT Director, John Mudany, the NSE-listed firm has seen significant growth in its revenues attributed to income from the projects in Ethiopia.
