CONSENT OF INDEPENDENT ACCOUNTANTS


We consent to the incorporation by reference in Amendment No. 1 to the
Registration Statement of CalEnergy Company, Inc. (the "Company"), CalEnergy
Capital Trust IV, CalEnergy Capital Trust V and CalEnergy Capital Trust VI 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".



                                                      /s/ Coopers & Lybrand LLP

San Diego, California
September 17, 1997