Toshiba and RentCo sign a Cooperation Agreement to expand Kenyan geothermal power generation business

Geothermal power generation company Toshiba Energy Systems & Solutions Corporation has concluded a General Cooperation Agreement with RentCo East Africa to expand RentCo’s new energy leasing business.
Toshiba and RentCo sign a Cooperation Agreement to expand Kenyan geothermal power generation business
Courtesy of Toshiba

Toshiba provides geothermal turbines and has a large amount of experience in installing and commissioning different sizes of turbines around the world. It offers a geothermal product line-up which includes ‘Geoportable’, a wellhead geothermal power generation system that generates 1-10 MW output. Under the terms of the new agreement with RentCo, the company will collaborate in the development of RentCo’s new energy leasing business involving the supply of Geoportable.

RentCo is a major financial leasing company based in Kenya and Sub Saharan Africa. It provides structured lease financing solutions either directly to its customers or through vendor finance partnership programmes for various business assets across all sectors.

Kenya lies to the west of Africa’s Great Rift Valley and is exploring its untapped geothermal resources in order to expand its power capacity. Toshiba’s Geoportable product is a compact power generation system that can be installed in a small well within a short period and has the ability to utilise wells under development effectively.

“I’m confident that this collaboration will support Africa’s plan to expand its renewable energy to drive the country’s economic development” said Toyoaki Fujita, Business Development Executive of Toshiba.

Toshiba has previously concluded MOUs with geothermal power development companies in Ethiopia, Tanzania, Djibouti, Uganda and Malawi in the geothermal power generation business as part of its commitment to assist the development of stable electricity supplies and the realisation of a low-carbon society.

Image: From left to right,Satoshi Tsunakawa, President and Chief Operating Officer of Toshiba, Toyoaki Fujita, Business Development Executive of Toshiba Energy Systems & Solutions Corporation, Robert Nyasimi, Group CEO of RentCo East Africa Ltd., Sandra Lombard,Executive assistant of RentCo East Africa Ltd (Photo: Toshiba)

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We welcome this level of partnership. Working with RENT Co assures one to be comfortable with risk management and solution based business. As a growing green field geothermal enterprises and using the level of expertise with RENT Co , you will get professional services that meets all challenges ahead. Congratulations
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