The collaboration was made official with the signing of an MoU between PGEO President-Director Julfi Hadi and AGIL Co-Director Dr Fred N. Ojiambo in Nairobi, Kenya. This has also been the culmination of several recent news stories on the efforts of PGEO to expand their geothermal business in Kenya, as well as in Türkiye and Germany.
The Longonot concession is located in the Kenya Rift Valley, approximately 60 km northwest of Nairobi and 10 km east of the Olkaria Domes geothermal field. The Geothermal Resource License for Longonot was awarded to AGIL back in 2009, and drilling commenced in 2018.
Longonot is described to have a potential of up to 500 MW. About 140 MW is ready to be exploited based on previous studies and data from the 34 wells (26 production and 8 injection) that AGIL has drilled thus far.
“Longonot has the advantage of location and geological location which makes it an attractive prospect. Through this collaboration, PGEO has the opportunity to take part in the development of new and renewable energy (EBT), as well as our efforts to become a global geothermal producer,” said Julfi Hadi during the signing event.
Julfi Hadi further added that the signing of the MOU was a strategic step for PGEO to develop and harness geothermal resources overseas. According to a press release, the state-owned geothermal developer is aiming to purse the ambition of being a world-class green energy company and build 1 GW of geothermal capacity within the next two years. PGE believes that Kenya offers a positive business opportunity because of stable business growth and a government policy that encourages the growth of the geothermal sector.
“We are looking for partners who have good track record in geothermal development. PGEO also has established technology, and that is the main reason we partner with PGE,” added Fred N. Ojiambo
