Mitsubishi Corporation (MC), together with Mitsubishi Hitachi Power Systems Ltd. (MHPS) and H Young & Co. (E.A.) Ltd. (HY), has been awarded a full turnkey contract by Kenya Electricity Generating Company Ltd. for the construction of a geothermal power plant (Olkaria V) in Kenya. The installment will be the fifth in the series of geothermal power plants being built in the Olkaria area of Kenya. MC will be responsible for supplying the plant’s main equipment, while MHPS will handle in-land transportation and installation. HY, a Kenya-based engineering and construction company, will supply the remaining components needed for plant construction, as well as conduct civil engineering and installation works. The construction is scheduled for completion in 2019.

 

The Olkaria V project will oversee the construction of a geothermal plant with the capacity to supply 140 MW of power. It will be financed by an Official Development Assistance (ODA) loan provided by the Japan International Cooperation Agency (JICA).

 

MC and MHPS have been working together to build geothermal power plants in Kenya since the 1980s*. Once Olkaria V is completed, these projects combined are expected to supply 290 MW of power in Kenya, more than 10% of the country’s energy overall.

 

Furthermore, given projections of a sharp increase in energy demand, the Kenya Vision 2030 national development policy includes targets for expanding energy generation capacity to 18,000 MW by 2030. This project is therefore well positioned to help achieve that target while at the same time contribute to reducing greenhouse gas emissions and preserving the environment.

 

By investing in this sector, indispensable for stimulating industrial development and improving standards of living, MC aims to continue contributing to economic growth and environmental sustainability in Kenya, while at the same time playing a role in increasing the export of high-quality infrastructure from Japan.

 

*Past installation record

 

 

 

1. Kenya Electricity Generating Company Ltd. (KenGen)

(1) Head Office: Stima Plaza, Phase III, P. O. Box 47936, 00100, Nairobi, Kenya

(2) Established: 1954

(3) Main Business Activities: Electricity generation

(4) Representative: Albert Mugo, Managing Director, CEO and Executive Board

Member

 

2. Mitsubishi Corporation (MC)

(1) Head Office: 3-1, Marunouchi 2-Chome, Chiyoda-Ku, Tokyo 100-8086, Japan

(2) Established: 1954

(3) Main Business Activities:

MC is a global integrated business enterprise that develops and operates business across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC’s current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods.

(4) Representative: Takehiko Kakiuchi, President and CEO

 

3. Mitsubishi Hitachi Power Systems, Ltd. (MHPS)

(1) Head Office: 3-1, Minatomirai 3-Chome, Nishi-Ku, Yokohama, Kanagawa, Japan

(2) Established: 2014

(3) Main Business Activities:

Development, engineering, manufacturing, sales, installation and exportation of GTCC (Gas Turbine Combined Cycle Power Plants), IGCC (Integrated Gasification Combined Cycle Power Plants), Boiler & Turbines Generation Plants, Geothermal Power Plant, Gas Turbines, Boilers, Steam Turbines, Generators, Power Generating Plant Peripheral Equipment

(4) Representative: Kenji Ando, President and CEO

 

4. H. Young & Co. (E.A.) Ltd. (HY)

(1) Head Office: Funzi Road, Industrial Area, P.O. Box 30118-00100, Nairobi, Kenya

(2) Established: 1951

(3) Main Business Activities:

Engineering and construction projects across East Africa, in fields including energy, petroleum, agro processing, telecommunications, ports and marine, mining, building, cement, and infrastructure development.

(4) Representative: Joseph Schwartzman, Chairman & CEO