Akiira Geothermal Limited
A Kenyan geothermal power-development company associated with the proposed Akiira One Geothermal Power Station.
Last updated August 31, 2026
AI crawler reads
No AI crawler has read this profile since Oct 28, 2026.
History
Akiira Geothermal Limited is a Kenyan energy-development company formed as a special-purpose vehicle by the consortium behind the Akiira One Geothermal Power Station. Its corporate purpose is closely tied to a single major infrastructure project: developing geothermal resources in the Greater Olkaria Geothermal Area, arranging project finance, and ultimately designing, building, and operating a power station intended to supply electricity. The Akiira One concept was described as a 70-megawatt geothermal station. The project would use wells drilled into Kenya's Rift Valley geothermal system to access underground heat and steam or hot fluids for power generation. This placed AGL within Kenya's broader geothermal expansion effort, in which the Olkaria area has been a central location for electricity generation and resource development. The available reference material does not provide a reliable incorporation date or a complete account of the consortium's formation. Project development required substantial early-stage exploration and drilling expenditure. AGL reportedly obtained a US$950,000 grant from the Overseas Private Investment Corporation in 2014, with the support connected to drilling expenses and the United States' Power Africa initiative. Contemporary material also states that the company accepted a KSh138.9 million grant from the African Union Commission in March 2016. That assistance was intended to offset part of the cost of drilling geothermal wells, which had reportedly been in progress since August 2015. The planned station was associated with a budget of approximately US$300 million, also expressed in contemporary reporting as about KSh30 billion. The financing structure described for the proposal allocated about 70 percent to borrowing from Standard Bank and 30 percent to shareholder contributions. These amounts describe the proposed project budget and financing mix; they do not establish the company's actual capital raised, final construction cost, or financial results. Reference material anticipated a 2018 commissioning date. However, the available information does not confirm that the facility entered commercial service, reached the stated 70-megawatt capacity, or continued under the same ownership and development plan. Some descriptions use present-tense language for ownership and operation while also characterizing the facility as proposed, creating uncertainty about the project's eventual status. For that reason, this entry does not treat Akiira One as a verified operating power station. Ownership information identifies Centum Investment Company Limited and three other non-Kenyan companies as members of the ownership group, but the available material does not supply a complete current capitalization table. No dependable public information was provided for AGL's executives, headquarters address, website, listed securities, or later corporate developments. The company's documented identity is consequently best understood as a project-focused Kenyan geothermal power developer whose public profile is inseparable from the Akiira One proposal.
- 2018
Original commissioning target
[1]Contemporary project plans reportedly targeted commissioning of Akiira One in 2018; the available material does not verify that this target was achieved.
- 2016
African Union Commission grant accepted
[1]The company reportedly accepted a KSh138.9 million grant from the African Union Commission to help reduce geothermal-well drilling costs.
- 2015
Geothermal-well drilling reported underway
[1]Reference material states that drilling for the Akiira One project had been ongoing since August 2015.
- 2014
OPIC drilling grant reported
[1]Akiira Geothermal Limited reportedly received a US$950,000 Overseas Private Investment Corporation grant to help offset drilling expenses for the geothermal project.
Products and positioning
Geothermal energy and power-generation project developer
Geothermal power station
Akiira One Geothermal Power Station
The principal infrastructure project associated with Akiira Geothermal Limited. It was planned as a 70-megawatt geothermal generating station in the Greater Olkaria Geothermal Area of Kenya. Development activities included geothermal exploration and well drilling, with a proposed capital budget of about US$300 million. Public reference material does not establish the project's final construction status, operating capacity, or commercial commissioning.
Brand decisions
2016
Accept African Union drilling grantStrategyBackground
The project required additional support to mitigate the cost of geothermal-well drilling reportedly underway since August 2015.
Action taken
Akiira Geothermal Limited accepted a reported KSh138.9 million grant from the African Union Commission.
Aftermath
The grant was intended to reduce drilling costs; no reliable public information in the supplied material confirms the project's subsequent completion.
Grant amount. KSh138.9 million (March 2016)
2014
Use grant support to reduce exploration riskStrategyBackground
Geothermal projects require expensive drilling before a commercially viable resource can be confirmed. AGL pursued external grant support for early drilling costs.
Action taken
The company accepted a reported US$950,000 OPIC grant connected to the Akiira One drilling program.
Aftermath
The grant provided reported support for exploration expenditure, but the available material does not document its ultimate effect on project completion or commercial operation.
Grant amount. US$950,000 (2014)
Recent events
- 2016
African Union Commission awards drilling-support grant[1]
Other
In March 2016, the company reportedly accepted a KSh138.9 million grant from the African Union Commission to help mitigate the cost of drilling geothermal wells for Akiira One.
- 2014
OPIC grant supports Akiira geothermal drilling[1]
Other
Akiira Geothermal Limited received a reported US$950,000 grant from the Overseas Private Investment Corporation to help reduce drilling costs for the Akiira One geothermal project.
Sources1 sources
Cite this profile: Cite the canonical profile. /brand-wiki/akiira-geothermal-limited · Editorial policy · How profiles are compiled