Kenya Electricity Generating Company PLC Following a call for tenders issued by Tulu Moye Geothermal Operations, Kenya Electricity Generating Company (KenGen) was selected to implement the first phase of the 50 MW project. According to the Nairobi-based company, it will drill 8 geothermal wells. Each well will cost more than $6 million. The contract signed with Tulu Moye Geothermal Operations, the ad hoc company of the Tulu Moye geothermal project, also provides for the provision of geoscientific surveys at the project site. It is developed by Meridiam Infrastructure Africa Fund (an investment fund owned by the French company Meridiam) and the Icelandic company Reykjavik Geothermal (RG). The contract awarded to KenGen is worth $52 million.