Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 28 February 2017, 12:06 HKT/SGT
Share:
    

Source: Mitsubishi Corporation
Mitsubishi Corporation to Construct Geothermal Plant in Kenya

TOKYO, Feb 28, 2017 - (JCN Newswire) - 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(1). 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.

(1) Past installation record
http://www.acnnewswire.com/topimg/Low_MitsubishiPastInstallation.jpg

Project Location
http://www.acnnewswire.com/topimg/Low_MitsubishiProjectLocation.jpg


About Mitsubishi Corporation

Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business enterprise that develops and operates businesses 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. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people. For more information, please visit www.mitsubishicorp.com.

Contact:
Mitsubishi Corporation
Telephone: +81 3 3210 2171 
Facsimile: +81 3 5252 7705



Feb 28, 2017 12:06 HKT/SGT
Source: Mitsubishi Corporation

Mitsubishi Corporation (TSE: 8058)

Topic: Press release summary
Sectors: Energy
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2017 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Multimedia
Past installation record
View Image
 
Project Location
View Image
 

Mitsubishi Corporation
Aug 7, 2017 11:13 HKT/SGT
Mitsubishi Corporation: Dhaka Mass Rapid Transit Company Ltd Orders for Supplying Rolling Stock and Maintenance Depot Equipment for the First MRT System in Bangladesh, Dhaka MRT Line-6
July 26, 2017 12:47 HKT/SGT
Mitsubishi Corporation Named Preferred Bidder for Offshore Transmission Asset in the UK
July 4, 2017 15:09 HKT/SGT
Realizing the Vision of "Next-Generation Suburban Town Planning" "DRESSER WISE Tama-Plaza" to be Completed in September 2018
June 14, 2017 18:18 HKT/SGT
Ship-to-ship LNG Bunkering Service Started in the Port of Zeebrugge
June 13, 2017 09:48 HKT/SGT
Mitsubishi Corporation has Reached Agreement to Sell its Interests in the Hunter Valley Operations and Warkworth Coal Mines in Australia
Apr 7, 2017 10:51 HKT/SGT
Mitsubishi Corporation to Be Part of Europe's Largest Battery Storage Project in Germany
Apr 5, 2017 15:15 HKT/SGT
Mitsubishi Corporation Power Systems Participates in Biomass Power Generation Project
Mar 28, 2017 09:19 HKT/SGT
Mitsubishi Corporation to Set Up Hospital Management Venture in Myanmar
Feb 15, 2017 18:25 HKT/SGT
World's First Purpose-built LNG Bunkering Vessel Delivered to ENGIE, Fluxys, Mitsubishi Corporation and NYK
Jan 13, 2017 11:10 HKT/SGT
Mitsubishi Corporation and Partners Launch Energy Storage Demonstration Project in Delhi, India
More news >>
 News Alerts
Copyright © 2017 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 5791 1818

Connect With us: