Tuesday, April 17, 2012

Kenya:

African Development Bank and Kenya Launch USD 150m Geothermal Project (African Development Bank Group)

The African Development Bank (AfDB) and Kenya’s Geothermal Development Company (GDC) have launched the Menengai geothermal project, designed to produce electricity for 500,000 households and displace two million tons of CO2 per annum.

GDC is a state-owned company charged with boosting geothermal energy generation in Kenya. The project, launched on 12 April in Nairobi, is the first geothermal project developed exclusively by GDC.

Located in the African Rift system, the Menengai project is expected to set the stage for investments to help meet the country’s rapidly increasing demand for power, and transform the country into a competitive clean energy economy.