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project 1

When completed, Akiira One will be the first private sector greenfield geothermal development in Sub-Saharan Africa. The project will be developing 140 MWe in two phases of 70 MWe each. The analysis conducted by an independent consultant, Geothermex shows a Monte Carlo output model with a probability of 90% at 205 MWe. The 140 MWe potential is therefore, reasonable.A geothermal power project can be divided into a series of development phases before the actual operation and maintenance phase commences, they include:

  • Preliminary and Detailed Surface Studies
  • Exploration/Well-Testing
  • Project Review and Planning
  • Field development and Production Drilling
  • Construction
  • Start-up and Commissioning
  • A Special Purpose Vehicle (SPV), AGL has been incorporated as the project development company to execute the project. Marine Power Generation (MPG) are the holders of the geothermal exploration license and have shares in AGL. Ram Energy is the company with extensive technical expertise in geothermal development and also have a stake in AGL. The two main financial investors are Mvuke Power Limited (wholly owned by Centum Investments Company Ltd – CICL) and Frontier Akiira Holding Company Ltd. (owned by Frontier Investments).

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