Kenya's KENGEN Infrastructure Bond raises $334M to invest in Geothermal, Wind and Hydro

Posted Oct 29, 2009 | 1 | Filed under:

Kengen, the largest energy generator in Kenya, has raised $334 Million, well over it's original target of $200Million, to be invested in energy generation. Kengen will be adding to its already existing renewable energy generation sources including Geothermal, Wind and Hydro.

Kengen also plans to invest in a 600MW Coal plant, the first in Kenya. Kenya does produce coal currently. However, there is exploration for coal with a strong potential that some may be found.