Strategic Partnerships & Progress: Celebrating RentCo Africa & Sinopec’s Geothermal Milestone

On the evening of January 25, 2025, at Kilimani, Nairobi, RentCo Africa’s leadership joined esteemed partners at a special New Year dinner hosted by the Executive Director of Sinopec. This event marked a significant milestone in Kenya’s energy sector—the successful commencement of the 58.42MW Net Wellhead Geothermal Power Project, a groundbreaking initiative in collaboration with @KenGen, Sinopec, Pozzitif Enerji, Toshiba, and Exergy.

Strengthening Strategic Partnerships

The dinner was more than just a celebration; it was a testament to the power of collaboration and a shared commitment to sustainable energy solutions. Mr. Robert Nyasimi - RentCo Africa’s CEO, Mr. Julius Motaroki Nyakerario - Group Chief Operations Officer & Country Head - Kenya, Ms. Margaret Mucheru Group Legal Director, and Moses Rotich - Project Manager - Geothermal Energy were among the key attendees, reinforcing the company’s dedication to shaping Kenya’s energy future.

In his address, RentCo Africa’s CEO, Mr. Robert Nyasimi, expressed gratitude to Sinopec for hosting the event and underscored the significance of this joint venture in advancing Kenya’s renewable energy goals.

A Transformative Geothermal Energy Project

This landmark geothermal project represents a major step forward in Kenya’s energy transition. Under a 15-year Multi-million dollar Build, Lease, Operate, and Maintain (BLOM) agreement, RentCo Africa is leading the way as the Owner, Investor, and Lessor, overseeing the development, financing, construction, and operation of this state-of-the-art wellhead power plant.

Each partner plays a crucial role in ensuring the project’s success:

• Sinopec International Petroleum Service Corporation – The trusted EPC Contractor delivering high-quality engineering, procurement, and construction services.
• @Pozzitif Enerji – The Owner’s Engineer, providing expert technical oversight and project efficiency.
• 东芝 – Supplier of cutting-edge condensing technology.
• Exergy ORC – Provider of advanced binary technology solutions.
• KenGen Kenya – Supplying steam and brine from 14 production wells for the next 15 years.

Impacting Kenya’s Energy Landscape

The success of this project is not only about increasing power generation but also about fostering economic growth, industrial development, and energy security in Kenya. By adding much-needed renewable energy to the national grid, RentCo Africa is directly contributing to the country’s sustainability objectives. Additionally, the initiative ensures KenGen can recover the costs of drilling geothermal wells, promoting long-term financial viability for all stakeholders.

Looking Ahead: A Greener Future

As RentCo Africa continues to champion innovative energy solutions, this partnership with Sinopec and other key industry players solidifies the company’s position as a leader in renewable energy financing and infrastructure development. Harnessing Kenya’s vast geothermal potential is not just about power generation—it’s about driving a cleaner, greener, and more resilient future for the nation.

The evening concluded with a shared commitment to innovation, sustainability, and collaboration, setting the stage for continued success in Kenya’s renewable energy sector.

#RentCoAfrica #Sinopec #KenGen #EnergyInnovation #Sustainability #GeothermalPower #StrategicPartnerships