Tuesday, February 9, 2016

Kenya: India to Invest USD 200 Million in Nakuru and Baringo Geothermal Power Projects

India eyeing Nakuru energy sector (Hivisasa.com)

The Government of India is planning to invest US$200 million in geothermal power production in Nakuru and Baringo counties through the Line Credit Initiative, one of the Government of India development assistance instruments.

Speaking during a courtesy call to Deputy Governor Joseph Rutto on Saturday, Suchitra Durai, India High Commissioner to Kenya said through the aforementioned initiative, the Government of India is investing in many projects in Africa and they would want Kenya to benefit, the reason India wants to invest in geothermal power in the two counties among other projects.

Geothermal Development Company (GDC) has geothermal projects in Suswa (Nakuru) and Baringo (Silali-Bogoria), we are planning to invest in this and we are at the moment in discussions with GDC. Studies have been done by Indian companies and these have been examined by our Ministry of External Affairs in New Delhi. There were some clarifications that we wanted and that is why I have come to see the projects in Menengai and Olkaria geothermal complexes’, said Suchitra.