This will take the capacity of geothermal steam generated by the GDC to 700 MW from current 479 MW.
The Kenyan National Treasury on Thursday evening signed a Sh9.56 billion credit (€80 million ) with German Development Agency(KfW) with a grant component of up to 35 per cent towards of geothermal steam fields at the 3,000 MW-capacity Bogoria-Silali project.
The concessional loan has an interest of 1.75 per cent to be repaid in 10 years with a five year grace period.
It will fund drilling 20 exploration and appraisal geothermal steam wells, infrastructural development and conduct further feasibility study in the area.
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