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Kenyan electricity provider wants to lure miners with geothermal energy

 


Kenyan electricity provider KenGen has called on the global mining industry to settle in the African country and use the region's surplus renewable energies.


According to KenGen , 86 % of the provider's electricity comes from renewable energy sources, most notably geothermal sources in Kenya's Great Rift Valley. According to media reports , KenGen still has enough space in the industrial park in Olkaria that could be rented to mining companies.


Peketsa Mwangi, senior director of geothermal energy at KenGen, reiterated that his company would like to help bitcoin miners settle in Kenya:


"We invite them here because there is enough space and the energy sources are in close proximity, which provides more stability."

Despite these good prospects, however, there have not yet been any known attempts by mining companies to establish themselves in Kenya.


Cambridge’s Bitcoin Electricity Consumption Index (CBECI) suggests that the eastern African nation currently houses no known Bitcoin mining operations, but it appears to be ideal for miners due to the region’s estimated potential 10,000 MegaWatt (MW) of geothermal energy capacity.


As the Cambridge Bitcoin Electricity Consumption Index (CBECI) confirms , not a single mining company is based in the East African country, although it actually offers the best conditions, because an estimated almost 10,000 megawatts (MW) are available from geothermal energy alone.


KenGen currently has a maximum capacity of 863MW after building a new geothermal power plant in April, Kenyan news outlet Capital FM reports .

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