QPEA GT Menengai Ltd.

ongoing

Menengai is a 35 MW greenfield geothermal project and part of the first phase of the wider Menengai complex, which is the second large-scale geothermal field being developed in Kenya after Olkaria. Globeleq will operate and maintain the power plant once it has reached commercial operations in 2025. Steam will be supplied to the project by Geothermal Development Company (GDC), a Kenya government-owned company under a 25-year project implementation and steam supply agreement (PISSA). Once operational, electricity will be sold to Kenya Power, the national distribution company, under a power purchase agreement (PPA) for the same timeframe. The project also benefits from a signed and effective Letter of Support issued by the Government of Kenya.