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Electricity generating firm Kengen is set to begin its first public private partnership project with New York Stock Exchange listed engineering firm AECOM, in a planned 140 megawatt Geothermal power plant dubbed Olkaria Vi. The New York firm will be the technical advisors while Maryland- based K&M advisors will be in charge of transactions. Though Ken Gen’s managing director Albert Mugo declined to reveal finer details on the Olkaria Vi project such as the cost, equity structure, financing design, and timetable of drilling geothermal wells, Kengen has set aside a 47.8 billion shillings financial war chest for the Olkaria Vi project which is expected to come on stream in the year 2019. Olkaria Vi is part of Ken Gen’s plan to tilt the energy mix in favour of green sources such as geothermal, which currently accounts for a third of the total while hydropower makes up half of the firm’s capacity. Watch KTN Live http://www.ktnnews.com/live Watch KTN News http://www.ktnnews.com Follow us on http://www.twitter.com/ktnnews Like us on http://www.facebook.com/ktnnews