 The expansion was financed by (a) the European Investment Bank, which lent US$40.8 million (KSh303 billion), the International Development Association, which lent US$27.6 million (KSh2.2 billion), the French Development Agency, which lent US$20 million (KSh1.6 billion) and KenGen, which contributed the balance.The Olkaria II power plant is one of six geothermal stations either planned or already operational in the Olkaria area in Nakuru County.Olkaria II Power Station is owned by KenGen, a public company, whose stock is traded on the Nairobi Stock Exchange, and in which the government of Kenya maintains 70 percent shareholding, the remaining 30 percent being held by private individual and institutional investors.