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How much did Olkaria V Geothermal Power Station cost to build?
Olkaria V Geothermal Power Station is a geothermal plant of about 158 to 172 MW in the Greater Olkaria field in Nakuru County, Kenya, built by Kenya Electricity Generating Company (KenGen) with a Japanese ODA loan, a Mitsubishi-led consortium and Mitsubishi Hitachi Power Systems turbines, with the first unit connected to the grid in July 2019 and official commissioning on 26 July 2022. JICA's ex-ante evaluation (loan agreement of 9 March 2016) gives a project cost of JPY 75,824 million, of which the loan is JPY 45,690 million, for March 2016 to December 2019, while Wikipedia gives a budgeted cost of KES 40 billion (USD 400 million).
Published project estimate
楼75.824 billion
Approximately $696.96 million
Cost basis: 2016
Cost evidence
Basis of the published figure
Project record