EXHIBIT 23.4



                      CONSENT OF INDEPENDENT ACCOUNTANTS



We consent to the incorporation by reference in Amendment No. 1 to this
Registration Statement of CalEnergy Company, Inc. (the "Company") and
CalEnergy Capital Trust on Form S-3 of our report dated March 10, 1995 on our
audits of the consolidated financial statements of Magma Power Company and
subsidiaries as of December 31, 1994 and for each of the two years in the
period ended December 31, 1994 which report is included in the Company's Form
10-K for the year ended December 31, 1995. We also consent to the reference to
our Firm under the caption "Experts."



                                                 COOPERS & LYBRAND L.L.P.
San Diego, California
August 28, 1996