Nairobi, Feb. 21 -- Listed electricity generating company KenGen will soon sign a contract to drill three explorative wells in Tanzania, as the neighbouring nation seeks to plug into geothermal energy.

KenGen Managing Director and Chief Executive Peter Njenga says within the next one month, the company should have kicked off operations in Tanzania, a move aimed at cementing its revenue diversification through venturing into markets outside Kenya.

KenGen started drilling its first well in Djibouti in November 2021 following the securing of a Ksh709 million ($4.9 million) contract in February that year. In the same year, the Kenyan firm bagged contracts for the drilling of wells and consultancy in Ethiopia.

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