@thedeal You need to read what @kausha is saying. Let's see you back up your words with facts. Yes, there is unfulfilled demand for power. Yes, it will continue growing. The question is one of PRICE. If electricity is 'too expensive' then consumption will stall.
The cost of geothermal power is not in the operating costs but the capex required. The capex is NOT free. The cost of debt may be very high & passed on to consumers. When KPLC cannot 'draw' on the capacity of many IPP projects, it still pays a capacity charge. This eventually trickles down to the consumer.
I disagree with @kausha that 'local oil' will be substantially cheap(er) since oil is a traded commodity & it is an economic travesty to sell Kenya's oil 'cheap' for producing thermal power. That said, we need to move away from oil (thermal) power. Perhaps, we can burn coal but that is dirty.
We have reached the max with large hydropwer projects since the rivers we have are quite small. At best some small hydro projects or better & more efficient designs for existing facilities.
@Kausha is talking numbers. Forget 'speculation' & concentrate on what is viable. Kenya does import a little (not much) electricity from Uganda. It even exports a little to Uganda when they need it. The Ugandans can export more once Bujagali reaches peak efficiency & (I think) Karuma is up & running.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett