The Geothermal Risk Mitigation Facility (GRMF) has approved a Sh1.3 billion grant to the Geothermal Development Company (GDC).
The grant which will facilitate the drilling of up to six geothermal wells and support the development of key infrastructural works at the Baringo – Silali Geothermal Project in Kenya’s North Rift region.
The Baringo – Silali Geothermal Project being developed by GDC, covers three geothermal prospects (Silali, Paka and Korosi) from which the company is looking to produce a total of 300 MW by 2030.
The GRMF grant will fund 40 per cent of the costs associated with the drilling of two geothermal wells in each of the three prospects and 20 per cent of the total costs incurred during the development of requisite infrastructural work in the project area.
From the Global Geothermal News archives:
- Monday, December 10, 2018 - East Africa: Geothermal Risk Mitigation Facility Successfully Supporting Early Stage Development of 30 Geothermal Energy Projects in East Africa
- Wednesday, October 17, 2018 - East Africa: Geothermal Risk Mitigation Facility Awards Seven Projects
