- KenGen PLC has started drilling the first of three geothermal wells in Djibouti
- The drilling of the first well is expected to take about two months to complete as KenGen seeks to export the expertise and experience earned in Olkaria, Naivasha
Last week, KenGen announced that it had completed drilling the deepest geothermal well in the Aluto-Langano project reaching a depth of 3,000 meters, surpassing a target of 2,750 meters.
Miano said the profit growth was achieved on the back of continued revenue growth underpinned by the company’s diversification strategy.
“In spite of the challenging times, KenGen remained strong recording a steady performance and demonstrating sound financial position which reaffirms the company’s promise and commitment to continual business growth and maximization of shareholder value,” the CEO said.