- New investor to deploy 3 MW for fish feed plant valued at about US$3.95 million.
- Facility to produce 8 metric tons per hour to support aquaculture demand.
- KenGen expands renewable pipeline target to 5,500 MW amid rising investor interest.
Kenya Electricity Generating Company (KenGen) has onboarded Maxim Agri and Samakgro as the fifth investor at its Green Energy Park, reinforcing the country’s push to position itself as a regional hub for sustainable industrial development.
The new investor will utilise 3 MW of green energy to develop an 8 metric ton per hour fish feed production plant valued at about US$3.95 million. The facility is expected to strengthen local production capacity and support the fast-growing aquaculture sector in Kenya.
KenGen Managing Director and CEO Eng Peter Njenga said the latest onboarding reflects growing investor confidence in the park, noting that Maxim Agri and Samakgro is the second investor to join in 2026, bringing the total number to five.
He said the investment highlights rising demand for reliable and affordable clean energy solutions to power industrial growth, adding that KenGen is committed to providing dependable geothermal energy and a supportive business environment for investors.
Maxim Agri Director Joachim Westerveld said the project will significantly improve production efficiency while lowering operating costs through access to reliable power and steam. He noted that these efficiencies will enable the company to supply more affordable, high-quality feed to farmers, supporting productivity and improving livelihoods in the aquaculture value chain.
The onboarding coincided with the launch of a new Green Energy Park Investor Portal designed as a one stop platform to streamline access to investment opportunities within the geothermal hub. Njenga said the digital platform simplifies the investor journey by providing easy access to information and project opportunities for both local and international investors.
Momentum at the park continues to build, with KenGen having already attracted investors including Konza Technopolis Development Authority, Eco cloud, Kaishan Group, Aquilastar Corporate Investment Company and Synergetic Development Group.
KenGen recently announced a major revision of its long-term growth plans, expanding its renewable energy development pipeline to 5,500 MW from an earlier 1,500 MW target under its G2G 2034 strategy. The revised outlook incorporates planned 2 GW from nuclear, more than 700 MW from hydro, expanded geothermal opportunities, and rising regional demand for clean power.
The announcement was made during the release of KenGen’s inaugural sustainability report covering the 2024 to 2025 financial year, outlining its environmental social and governance performance and future growth strategy.
Principal Secretary for Energy Alex Wachira said the Green Energy Park demonstrates how energy infrastructure can support industrialisation by powering factories, creating jobs and attracting investment. He added that Kenya is positioning itself as a competitive low carbon destination for industrial expansion, supported by strong policy direction, infrastructure development and private sector participation.
Author: Bryan Groenendaal
