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Who We Are

Olsuswa Energy Limited is a Kenyan company incorporated in 2011. The company was formed with the aim of developing and investing in renewable green energy projects across Africa. Olsuswa’s flagship project is the BVC Geothermal Project near Lake Turkana in northern Kenya. Geothermal energy, known to occur in abundance along the Kenyan Rift Valley, is the most reliable green energy resource because of its higher baseload efficiency.

Olsuswa Energy has a seven-point ethos based on spurring innovation and becoming a regional leader in geothermal sciences. It is this bedrock of values and principles that is driving Olsuswa to develop 140 MWe of new generating capacity at the BVC through a methodical approach involving comprehensive surface studies, exploration drilling and production drilling.

The company’s vision is also driven by findings suggesting that the BVC may have a geothermal potential of up to 600 MWe. Olsuswa acknowledges that its successes to date are the result of having cultivated excellent stakeholder relationships with the project community, the Turkana County Government, the National Government, and financial partners.

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Who We Are

Olsuswa Energy Limited is a Kenyan company incorporated in 2011. The company was formed with the aim of developing and investing in renewable green energy projects across Africa. Olsuswa’s flagship project is the BVC Geothermal Project near Lake Turkana in northern Kenya. Geothermal energy, known to occur in abundance along the Kenyan Rift Valley, is the most reliable green energy resource because of its higher baseload efficiency.

Olsuswa Energy has a seven-point ethos based on spurring innovation and becoming a regional leader in geothermal sciences. It is this bedrock of values and principles that is driving Olsuswa to develop 140 MWe of new generating capacity at the BVC through a methodical approach involving comprehensive surface studies, exploration drilling and production drilling.

The company’s vision is also driven by findings suggesting that the BVC may have a geothermal potential of up to 600 MWe. Olsuswa acknowledges that its successes to date are the result of having cultivated excellent stakeholder relationships with the project community, the Turkana County Government, the National Government, and financial partners.

BVC Location

BVC Location

Turkana

Referred to as the ‘Cradle of Mankind’, Turkana is the site of the earliest Stone Age industries in prehistory, dated at 3.3 million years. It is the second-largest County in Kenya after Marsabit, with a total area of 68,680 km2. Its beauty is unrivalled and unparalleled through picturesque views in lacustrine, volcanic and desert settings. Famous attractions include the turquoise waters of Jade Sea (Lake Turkana), Nabuyatom volcanic cone, Eliye Springs, Lake Logipi and Central Island National Park.

The Turkana, with their Nilotic Nga’turkan dialect, are the native people to Turkana County. Their beautiful culture is a hallmark of the preserved culture amidst a fast-evolving world. Turkana County has established itself as a natural resources haven with known existence of oil and gas, underground water reserves, geothermal energy, wind energy, solar energy and gold.

BVC Location

Turkana

Referred to as the ‘Cradle of Mankind’, Turkana is the site of the earliest Stone Age industries in prehistory, dated at 3.3 million years. It is the second-largest County in Kenya after Marsabit, with a total area of 68,680 km<sup>2</sup>. Its beauty is unrivalled and unparalleled through picturesque views in lacustrine, volcanic and desert settings. Famous attractions include the turquoise waters of Jade Sea (Lake Turkana), Nabuyatom volcanic cone, Eliye Springs, Lake Logipi and Central Island National Park.The Turkana, with their Nilotic Nga’turkan dialect, are the native people to Turkana County. Their beautiful culture is a hallmark of the preserved culture amidst a fast-evolving world. Turkana County has established itself as a natural resources haven with known existence of oil and gas, underground water reserves, geothermal energy, wind energy, solar energy and gold.

Our Vision

To become Africa’s largest geothermal energy producer

Our Core Values

1. Innovation
2. Honesty
3. Environmental responsibility
4. Industry leadership
5. Reliability
6. Efficiency
7. Continuous improvement

Our Vision

To become Africa’s largest geothermal energy producer

Our Core Values

1. Innovation
2. Honesty
3. Environmental responsibility
4. Industry leadership
5. Reliability
6. Efficiency
7. Continuous improvement

Leadership

The Board of Directors

Manga Mugwe / Kenyan

Chairman

Manga Mugwe / Kenyan

Manga Mugwe is the co-founder and Chairman of Olsuswa Energy Limited. He has achieved the recognition of a highly experienced and independent Chairman across several sectors. His breadth of experience lies in manufacturing, telecommunications, large scale agriculture, energy, media, insurance and real estate in Eastern Africa. He has served in various parastatal boards, e.g. Kenya Electricity Generating Company (KenGen), Kenya National Trading Company (KNTC), Sports Stadia Management Board of Kenya and also in public company boards such as Jubilee Insurance Company. He has also served as the chairman of the Kenya Association of Manufacturers (KAM), in view of being an industrialist – Morris & Co. Ltd (for Steel).

Kim Gredsted / Danish

Executive Director

Kim Gredsted / Danish

Prior to co-founding Frontier Energy in 2011, Kim worked as an investment manager with private equity investments in emerging markets for IFU for 7 years of which two were spent as Head of Regional Office in Johannesburg. Prior to IFU, Kim worked as an M&A lawyer for 7 years in two leading Danish law firms. Kim has also co-founded two start-ups, including New York based Trunk Archive which he and his partners took from inception to successful exit. He holds a M. Sc. Law from the University of Copenhagen and an MBA from INSEAD.

Lars Tejlgard Jensen / Danish

Executive Director

Lars Tejlgard Jensen / Danish

Prior to co-founding Frontier Energy in 2011, Lars worked for 12 years as a consultant and since 2007 as managing director and partner for the international consulting firm DI International Business Development where he worked with investments, business organisations, political leaders and international organisations in a wide range of emerging markets. He holds a M. Sc. Econ. from the University of Copenhagen and is a graduate of Harvard Business School’s Program for Leadership Development.

Mugwe Manga / Kenyan

Managing Director

Mugwe Manga / Kenyan

Mugwe Manga is a co-founder of Olsuswa Energy Limited and has served as Managing Director since 2016. He manages the company’s business development strategy and has been integrally involved in the implementation of its geothermal exploration programs. After having completed his IB diploma from the prestigious Sevenoaks School (United Kingdom), he garnered a BA (Hons) in Economics from the University of Nottingham and a Masters in International Business (MIB) from Grenoble É cole de Management. He has gained experience in the banking industry working at Goldman Sachs International, London under the Private Wealth Management division specializing in institutional portfolios. He has gained over 10 years of experience working in Kenya, where he sits on various boards including ICEA Lion Life Assurance and ICEA Lion General Insurance, both part of the ICEA Lion Group. Mugwe is also an alumni of the Swedish Institute Management Program (SIMP).

Ruth Ngobi / Kenyan

Company Secretary

Ruth Ngobi / Kenyan

Ruth Ngobi is the founder of Cosec Solutions Limited, one of Kenya’s leading company secretarial service providers. Mrs. Ngobi is also on the board of Stanbic Bank Kenya Ltd., Stanbic Holdings Plc, CFC Stanbic Bank Ltd. and The Public Procurement Oversight Authority. She is a member of the Law Society of Kenya and Member of The Institute of Certified Public Secretaries of Kenya. In the past Ms. Ngobi was Secretary & Legal Counsel at Unilever Kenya Ltd., Secretary at British American Tobacco Kenya Ltd. and Secretary for East African Breweries Ltd. She received a graduate degree from the University of Kent (United Kingdom) and a graduate degree from the University of Cambridge (United Kingdom).

Njino Kimani

Geothermal Geologist

Njino Kimani

Clifford Odhiambo

Accountant

Clifford Odhiambo

Ambeza Christine

Administrator

Ambeza Christine

Danfestus Koloi Erot

Community Liaison Officer

Danfestus Koloi Erot

Stephen Lotooto Paringiru

Community Liaison Officer

Stephen Lotooto Paringiru