Kenya to support green cryptocurrency mining with geothermal power offer

By : Redaction

Date : mardi, 07 juin 2022 13:44

With that offer, Kenya hopes to support bitcoin miners’ green transition. According to Ecofin Agency, several crypto mining firms have already contacted KenGen with power requests.  

Parastatal power producer Kenya Electricity Generating Company (KenGen) invites bitcoin mines to settle operations in Kenya. According to Ecofin Agency, which revealed the information recently, the power producer thus intends to monetize its geothermal power surplus and promote green crypto mining. 

We’ll have them here because We have the space and the power is near, which helps with stability,”  said Peketsa Mwangi, KenGen’s geothermal development director. 

Mr. Mwangi also revealed that some bitcoin mining companies have already approached the Kenyan company. "Their power requests vary, some of them had asked to start with 20MW to be later graduated... crypto mining is very energy-intensive," he added.  

According to Kenyan news outlet The Standard, KenGen hopes to install bitcoin mining farms around its main geothermal power plant near Naivasha (123 km west of Nairobi). The country is Africa’s largest geothermal energy producer. Its production potential is about 14,000 MW but its installed capacity is 863 MW. Meanwhile, crypto mining firms are under pressure due to their high carbon emissions as they require an outstanding volume of energy to run their mining computers and equipment. Last year, several mining companies were expelled from China. Some of them are still looking for countries with excess supplies of renewable energy. 


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