Several cryptocurrency mining firms have approached KenGen seeking to set up a base at its planned energy park.

“We’ll have them here because we have the space and the power is near, which helps with stability,” said KenGen acting Geothermal Development Director Peketsa Mangi.

He did not disclose how many firms have shown interest but said their power requests started at 20 megawatts (MW).

“Their power requests vary, some of them had asked to start with 20MW to be later graduated... crypto mining is very energy-intensive,” said Mr Mangi.

Mr Mangi said the cryptocurrency firms are new investors in the country.

KenGen’s geothermal installed capacity continues to increase as the firm focuses more on green energy sources and scales down on thermal energy.

The planned green park, which will provide industrial, commercial and recreational facilities, targets firms seeking to take advantage of the competitively priced geothermal steam and electricity.

Mr Mangi said the feasibility study for Green Park is almost done. “Within two years, we should be having a park, probably not fully operational but operational.”

Its opening is also in line with the enactment of the Energy Act, 2019 last year, which opened up the power retail market and enabled KenGen to sell electricity directly to other entities.