Investors coming up with industries in the newly established KenGen Industrial Park in Olkaria, Naivasha, will be getting subsidised electricity directly from the generator.
Already, the electricity generator has processed a master-plan for 1,000 of the 4,000 acres in the geothermal-rich park.
A local company-Universal Access Limited has become the first investor to embark on a $600 million (86.7 billion) project on a 1,000-acre land.
The firm is investing in an Eco Data Center which will be the largest in the continent.
According to Energy CS David Chirchir, the industrial park is now a reality with several international and local investors showing interest.
Speaking during a tour of the park, Chirchir said that KenGen had ample geothermal energy to power global firms, as the world moved towards green energy.
“The Eco Data Center becomes the first investor on this land and they will require 60mw which will be offered at US 7 cents per unit,” he said.
The CS said currently, the geothermal fields of Olkaria and Eburru were producing an estimated 1,000mw, with plans to increase output in the coming months.
“The biggest plus for companies working within the park is that they will help in reducing power losses incurred during transmission,” he said.
On his part, new Kengen CEO Peter Njenga said that of the 1,904mw installed capacity, geothermal was the leading in the country.
He said the company was keen to ensure the country phased out thermal power by 2030, by increasing production of geothermal, hydro and solar power.
“Olkaria is home to geothermal power with a potential of over 10,000mw and we are keen to phase out thermal power by 2030 in line with government plans,” he said.
CEO Universal Access Limited, Amos Siwoi, said the green project would take an estimated eighteen to twenty-four months to be complete.
“After the groundbreaking, we shall hit the ground in the coming months as we seek more consumers of our data services,” he said.
He lauded the move by the government to allow KenGen to supply power directly and at a cheaper price to consumers, compared to previous arrangements of using Kenya Power.