FUJI ELECTRIC CO.
Contract Awarded for a Geothermal Power Generation Facility for the Republic of Kenya

Fuji Electric Co., Ltd. is pleased to announce that it has been awarded a contract for a supply of geothermal power facility for the Menengai Geothermal Power Station in Kenya by Toyota Tsusho Corporation, which entered into an EPC contract with QPEA GT Menengai Limited, a subsidiary of Globeleq, a British independent power producer operating and developing power projects in Africa.

1. Contract Details

This contract is Fuji Electric's second geothermal power project in Kenya following the Olkaria I Geothermal Power Station Unit 6, which started operation in 2022. The project is to construct a geothermal power plant in the Menengai area, a promising new geothermal field following the Olkaria area. Fuji Electric will be in charge of the manufacturing and supply of geothermal steam turbine, generator, and other key equipment, while CSI Energy Group, a construction company doing business mainly in the East African region, will be responsible for the construction work.

2. Fuji Electric's Geothermal Power Generation Business

Geothermal power generation uses underground steam and hot water, which are renewable energy sources, to generate electricity. Since 1960, Fuji Electric has supplied geothermal power generation facilities (such as steam turbines and generators) to various parts of the world, including the US, Indonesia, the Philippines, Iceland, New Zealand, and Japan. The total capacity of the 86 units delivered to date exceeds 3,600 MW.

Kenya has the world's fourth largest reserve of geothermal resources, after Japan, and is one of Africa's leading countries in clean energy, generating approximately 90% of its electricity from renewable energy sources.

Fuji Electric intends to further promote and expand our geothermal power generation facilities in Africa and contribute to economic development in the region and prevention of global warming.