The revamp of the Kenya Electricity Generation Company Gogo power plant in Migori county will see the power plant increase its electricity generation capacity from 2 Mega Watts to 8.6 Mega Watts.
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00:00 I'm happy to announce that the Cabinet's recent approval of the Gogo Hydropower project's
00:05 development is a pivotal moment in our journey.
00:09 The Gogo Dam's electricity generation capacity will surge from 2 MW to a robust 8.6 MW.
00:17 This endeavor is a seamless alignment with Kenya's commitment to clean energy and significantly
00:23 contributes to our national objectives outlined in the Global Climate Action Agenda.
00:29 The Gogo project symbolizes tremendous progress in the energy sector, promising economic growth,
00:35 job creation and improved livelihoods.
00:38 Kenyan success is not a solitary achievement.
00:40 It is testament to the exceptional leadership of our Board Chairman, Mr. Julius Migos Ogamba,
00:46 our distinguished Board and the entire management team.
00:49 Current 2 MW to a robust 8.6 MW.
00:54 This transformative endeavor aligns perfectly well with Kenya's commitment to clean energy
01:01 and contributes significantly to our national goals outlined in the Global Climate Action
01:08 Agenda.
01:09 The existing power plant, with its origins dating back to 1958, has admirably served
01:16 its purpose.
01:17 However, with aging infrastructure, it faces frequent breakdowns and challenges in sourcing
01:24 of spare parts.
01:25 The redevelopment will rejuvenate the reliability of the power supply, stimulate socioeconomic
01:31 activities and contribute to the prosperity of Nyanza and Western Kenya regions.
01:38 I am confident that the Gogo Hydropower Plant redevelopment project will contribute significantly
01:45 to the progress and prosperity of Western Kenya.
01:49 I wish to take this opportunity to thank the Government of Kenya and our leader, His Excellency
01:56 the President, Dr. William Samoei Ruto, for the great support we have received as a company.
02:02 Considering the experience we have, we know we can harness our experience to improve the
02:06 efficiency at which we generate electricity.
02:09 And that will go a long way in reducing the cost.
02:12 In fact, if you compare the average cost of electricity that we sell to KTLC from what
02:19 we produce from the other generators, you find that our cost is quite reasonable.
02:24 And that is what contributes to a better price for electricity in this country.
02:30 So we are also looking at other options of where we can also continue increasing our
02:35 generation.
02:36 For example, like we have said, we are going to redevelop Gogo and have it have more capacity.
02:42 Obviously, the sale of our electricity to KTLC will be at a lower price.
02:47 We are also looking at our geothermal fields where we can be able to generate more geothermal
02:53 power, again at a lower cost because of our experience in geothermal electricity.
02:59 We are also looking at going into solar.
03:01 It will be the first time that we are now going to embark on solar.
03:06 Even though we are managing the solar station for Rerek in Garissa, we are going to put
03:11 up our own hydro power stations at Seven Forks.
03:15 And what we envisage is that this solar, if you utilize it during the day, you are able
03:22 to build up the water levels for the dams at night, I mean during the day, and then
03:28 you are able to use the water during the night to be able to supply power.
03:31 So they will work very well complementing each other.
03:34 So we have a role to play in ensuring that electricity is reasonably priced in this country.
03:40 Okay.
03:41 Thank you.
03:41 [ Silence ]