Kenya s GDC gets $5m AU grant for geothermal wells
Wednesday March 17 2021
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Geothermal Development Company (GDC) has received a $5 million (Ksh500 million ) grant from the Geothermal Risk Mitigation Facility (GRMF) to drill two wells in Baringo County.
The grant will be used to fund 40 per cent of the costs for drilling and testing at the Paka Geothermal Project, one of three geothermal prospects in the area. The others are Silali and Korosi.
About 20 per cent of the total costs will fund infrastructure development.
“The funding will go towards the cost of the exploration drilling programme for the Paka Geothermal Project in Baringo,” GDC managing director and chief executive Jared Othieno said on Wednesday.
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