The bank, in particular, is impressed by the milestones that GDC has registered towards power plant development.
“The progress at Menengai is satisfactory. We are happy that GDC is well on schedule and has ensured that the IPPs can now reach financial closures,” said Dr. Calleb Wegorro, the East African Constituency Regional Executive Director for the African Development Bank.
The GDC Managing Director and CEO, Eng. Johnson P. Ole Nchoe reiterated the company’s commitment towards cheap energy.
“We will be offering the cheapest tariff in the country from Menengai at 7 US cents kWh,” said Eng. Nchoe .
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From the Global Geothermal News archives:
- Tuesday, April 10, 2018 - Kenya: GDC Secures 40-Year Rights to Develop Geothermal Energy at Menengai
- Monday, March 19, 2018 - Kenya: Consultants Confirm 105 MW Resource at Menengai Geothermal Power Project
- Wednesday, January 17, 2018 - Kenya: GDC Confirms 2 Companies Set to Break Ground for Menengai Geothermal Project in March