Geothermal power is set to see a revival following a Sh1.3 billion grant that has been given to Kenya’s Geothermal Development Company (GDC).
The grant, given by Africa Union’s Geothermal Risk Mitigation Facility (GRMF) is set to fund the drilling of six wells in Baringo County, which will be done in three prospects.
The Baringo-Silali Geothermal Project covers three geothermal prospects — Silali, Paka and Korosi — from which GDC is looking to produce 300MW by 2030.
Geothermal Development Company (GDC)
The grant will be used to fund 40 per cent of the costs associated with the drilling of two geothermal wells in three prospects in the county.
About 20 per cent of the total costs will, however, be incurred during the development of requisite infrastructural work.
“We have reviewed GDC’s application, which has met all the requirements and has been approved,” said Mr Sylvain Degolmal, marketing expert GRMF, African Union Commission, in a statement.
“The next step is for GDC to give us a date and venue for the signing,” he said.