Exhibit 23.2



                       CONSENT OF INDEPENDENT ACCOUNTANTS



We consent to the incorporation by reference in this Amendment No. 1 to the
Registration Statement of CalEnergy Company, Inc. (the "Company") and 
CalEnergy Capital Trust II on Form S-3 of our report dated March 10, 1995 
on our audit of the consolidated financial statements of Magma Power Company 
and subsidiaries for the year ended December 31, 1994 which report is included 
in the Company's Form 10-K for the year ended December 31, 1996. We also 
consent to the reference to our Firm under the caption "Experts".


                                          COOPERS & LYBRAND L.L.P.


San Diego, California
July 24, 1997