Kenya’s largest power grid urges miners to move to Africa

Kenya’s largest electricity producer, KenGen, has called on bitcoin miners to visit the capital Nairobi and purchase excess capacity. Today, KenGen produces 86% of its energy from renewable sources, mainly from geothermal underground deposits in the Great Rift Valley.

KenGen’s acting chief development officer, Pekeza Mwangi, explained that his company wants miners to massively deploy their equipment with them. The company has not yet found any takers, but it is confident that it can offer competitive conditions for those countries where mining is prohibited (for example, in China).

According to analytical data, there is almost no HTS mining in Kenya, but the region is really the best fit for miners — the country can offer 10,000 megawatts of geothermal energy.

With the help of miners, KenGen plans to develop its network and significantly reduce the price of electricity. Today, the high cost of energy in the country is associated with the slow rate of electrification. According to the World Bank, by 2020, only about 70% of the population had access to a centralized electricity grid.