Tokyo, August 31, 2018 — Fuji Electric Co., Ltd. (TSE:6504) (“FE”), headquartered in Tokyo, Japan, led by President Michihiro Kitazawa, is pleased to announce that it has been awarded a contract for a complete geothermal power facility for the Olkaria I Geothermal Power Station (Olkaria I) in the Republic of Kenya from Marubeni Corporation, the main EPC contractor of the project owned by Kenya Electricity Generating Company (KenGen). Marubeni Corporation is headquartered in Chuo-ku, Tokyo and led by President and CEO Fumiya Kokubu.
1．About Olkaria I
This undertaking will be Fuji Electric’s first geothermal power Plant project in Africa. The contract calls for construction of a new 6th power generation unit (Unit 6). Construction funds for the project will be provided in the form of an Official Development Assistance (ODA) loan from the Japan International Cooperation Agency (JICA) and financing through the European Development Bank.
3．Fuji Electric’s experience with geothermal power generation
Geothermal power is a form of renewable energy generated from steam and hot water within the earth. Fuji Electric has been developing its geothermal power business since 1960, installing facilities in the United States, Indonesia, the Philippines, Iceland, Japan, and other areas around the world. To date, Fuji Electric has received orders for 81 power generation facilities (steam turbines, generators, etc.) with a combined installed capacity of 3,132 MW.
Reference: Location of the Olkaria I Geothermal Power Station