Africa Geothermal International Limited to drill first well in Longonot for five years

By professo

Africa Geothermal International Limited (AGIL), the energy company based in Kenya, has announced that it will initiate its drilling in Longonot.

The firm will begin drilling its exploration steam well in the valley, situated near Kenya’s capital, in June.

This follows five years of delays, with the company initially announcing its plans to sink wells and build a power plant in 2013.

The power plant was estimated at costing Sh61.8bn (US$600mn), and each well will cost Sh515mn ($5mn) to drill.

SEE ALSO:

AGIL confirmed their plans to drill up to 40 wells in a bid to generate 140MW of geothermal energy from the steam.

Each well is expected to take about 60 days to sink, as the firm may have to drill as deep as 3.5km.

Chairman of the National Bank of Kenya, Mohammed Hassan, is an AGIL co-director, along with Fred Ojiambo, a lawyer at Kaplan & Stratton and Brian Mitchell.

Share

Featured Articles

Top 10 largest revenue generating family businesses in MENAT

From the UAE to Turkey, these family firms are the largest by revenue in MENAT and cover everything from energy to entertainment

Top 10 metaverse projects in the UAE, including world firsts

As Accenture predicts the metaverse will fuel a US$1 trilion commerce opportunity by 2025, we round up 10 pioneering metaverse projects in the UAE

PwC’s survey shows Middle East CEOs remain upbeat on growth

CEOs in the Middle East are far more optimistic about regional growth than those in North America and Europe, according to PwC’s annual survey

Opinion: “Why we must tackle the digital skills crisis"

Leadership & Strategy

5 Mins With: Kathryn Kaminsky Vice Chair Trust Solutions PwC

Leadership & Strategy

Survey: The Future of Cloud Security in the Middle East

Technology