Kenya:

African Geothermal Receives $6m Grant to Drill Two Reservoir Confirmation Wells in Kenya (Energy Business Review)

The African Union Commission (AUC), through its Department of Infrastructure and Energy, has agreed to provide $6m grant to Africa Geothermal International (Kenya) Limited to help drill two reservoir confirmation wells at the Longonot geothermal prospect in Kenya.

The grant is also likely to improve infrastructure requirements needed for proper project implementation.

AUC, the German Federal Ministry for Economic Cooperation and Development, the EU-Africa Infrastructure Trust Fund and KfW have formed the Geothermal Risk Mitigation Facility (GRMF) to promote investment in such power generation in Eastern Africa.

The participants have allotted €50m ($62m) for such grants and have also planned to increase the fund.

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