Kenya Electricity Generating Company (KenGen) has signed up Maxim Agri & Samakgro as the fifth investor in its Green Energy Park, where the company plans to build a fish feed manufacturing plant powered by geothermal energy.
KenGen said the investor plans to use 3 megawatts (MW) of electricity to develop an 8-metric-tonne-per-hour fish feed production plant at the park.
The company said the project, valued at about $3.95 million, is expected to increase Kenya’s fish feed production capacity to meet growing demand from the aquaculture sector.
Maxim Agri & Samakgro is the second investor to join the Green Energy Park this year, bringing the total number of investors to five.
KenGen Managing Director and Chief Executive Peter Njenga said the investment reflected growing demand for reliable, affordable, and sustainable energy solutions to power industrial development.
“As Kenya’s leading green power producer, KenGen is well positioned to support the country’s industrial transformation through the provision of reliable geothermal energy,” Njenga said.
Maxim Agri Director Joachim Westerveld said the new plant would increase the company’s production capacity while reducing operating costs through access to geothermal power and steam.
He said lower production costs would enable the company to supply more affordable fish feed to farmers and support growth in Kenya’s aquaculture industry.
KenGen also launched an online investor portal for the Green Energy Park, which it said is intended to provide prospective investors with information on investment opportunities at the geothermal industrial hub.
The Green Energy Park has attracted investments from the Konza Technopolis Development Authority (KoTDA), Eco-cloud, Kaishan Group, Aquilastar Corporate Investment Company, Synergetic Development Group and Maxim Agri & Samakgro.
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