Kenya Electricity Generating Company (KenGen) has shortlisted five consortia for the Olkaria geothermal project. The project involves financing, design, supply, construction, commissioning, operation and maintenance of the 140 MW Geothermal Olkaria power station at Naivasha, approximately 75kms northwest of Nairobi.

KenGen will be providing steam under a 25-year steam supply agreement while Kenya Power and Lighting Company (KPLC) will purchase the energy produced by the plant under a 25-year PPA contract. The Project will be developed through a special purpose vehicle incorporated under Kenyan Law. KenGen shall have the right to make a cash investment in the SPV constituting ownership participation of 25% in the SPV.