In Nakuru County, Olkaria Special Economic Zone is located on approximately 8,292 acres. This zone is expected to play a significant role in stimulating industrial development, energy manufacturing, and export-oriented manufacturing. It is anticipated that the SEZ will attract local and international investors looking for cost-effective, sustainable operations by offering incentives such as tax exemptions, infrastructure support, and access to geothermal power at affordable rates.
Eng. Peter Njenga, Managing Director and CEO of KenGen, spoke about the designation and underlined the Olkaria SEZ’s strategic significance in Kenya’s agenda for economic development and sustainable energy transition.
“Kenya’s commitment to industrialization, job development, and sustainability is reaffirmed by this declaration. In line with Kenya’s goal of becoming a global leader in industrialization driven by renewable energy, Olkaria’s plentiful geothermal energy makes it a perfect place for businesses searching for dependable, affordable, and environmentally friendly power,” stated Eng. Njenga.
The NSE-listed energy generator claims that the Olkaria SEZ will help a number of industries, including data centers, electric mobility, agro-processing, and green manufacturing. The action is in line with Kenya’s goal to net-zero industrialization and the government’s Bottom-Up Economic Transformation Agenda (BETA).
The Olkaria SEZ will give investors easy access to both domestic and international markets thanks to its advantageous location along important transportation routes, such as the Nairobi-Mombasa Highway and the Standard Gauge Railway (SGR).
KenGen’s Green Energy Park is located in the Olkaria Special Economic Zone (SEZ), which is a component of Kenya’s larger plan to boost industrial competitiveness by providing a favourable business climate with top-notch infrastructure, dependable green energy, and investor-friendly regulations. In order to take advantage of Kenya’s geothermal potential, it seeks to draw in manufacturers, tech companies, and energy-intensive businesses.
“Our Green Energy Park signifies a revolutionary change in Kenya’s industrial growth strategy. In addition to lowering carbon emissions, we are guaranteeing long-term sustainability and economic effectiveness for companies by incorporating clean energy solutions into manufacturing and industrial processes. This program is in line with our goal of positioning Kenya as a leading location for investors looking to fund industrial activities driven by green energy,” stated Eng. Peter Njenga.
According to KenGen, the park is anticipated to draw businesses that want to convert their operations into completely sustainable, green-powered enterprises, including agro-processing, companies looking for affordable and sustainable power for food processing and value addition, textile and apparel manufacturing, electric mobility production, data centers, and ICT firms.
“The Olkaria SEZ provides a perfect platform for companies wishing to incorporate renewable energy into their manufacturing processes, as industries around the world shift to net-zero operations. We are reducing operating costs and strengthening Kenya’s position as a leader in green industrialization by directly connecting companies to geothermal energy,” Eng. Njenga stated.
