Company overview
Capital Power (K) limited (CPL) is a Kenyan registered company (CPR/2013/106365) formed in the year 2013 to undertake various renewable energy projects in Kenya. Our aim is to develop clean energy and sustainable harnessing of renewable energy to improve the overall livelihood of Kenyans. Capital Power was licensed by the Ministry of energy under the Geothermal Resources act, License number 5/2007 as the developer for the Homa Hills geothermal prospect in Homa Bay county in the year 2017.
The Resource:
The Homa Hills geothermal prospect covers an estimated area of 154 km2 and is located on the Western Kenya Rift Valley, in Rachuonyo North District, Homa Bay County within the following coordinates – Longitudes 34°26’0’’ to 34° 34’0” E and Latitudes 0° 19’0” S to 0° 28’0” S. Physically, the area is in the slopes of Homa Hills, about 50km north of Kendu Bay, and spreads to the shores of Lake Victoria.
Preliminary studies undertaken in the area by the Geothermal Development Company (GDC) in 2010 as well as by CPL’s consultants in 2015 reveal the existence of a geothermal reservoir expected to be at temperatures of between 160oC – 235oC and covering an area of over 12 km2. This reservoir can support an electric power plant of over 100MWe.
Capital Power was awarded a grant after a rigorous application process by the African Union Commission’s (AUC’s) Geothermal Risk Mitigation Fund (GRMF) of US$ 720,000.00 to go towards funding part of the detailed surface studies for the Homa Hills prospect. The data from these studies will allow for the siting of exploration drilling wells and unlock further grant funding for part of exploration drilling costs.
Capital Power has also engaged the community in the prospect area as valuable stakeholders for the project. There is a detailed stakeholder engagement plan (SEP) in place that brings together 32 community representatives to engage with Capital Power on key matters to ensure that the project is steered in the right direction. These engagements have resulted in successful endorsement and acceptance of the project by the local community providing the project with the social license to undertake the project.