Kenyan firms get AU funds for geothermal wells

KENYA – Two Kenyan energy firms have been picked among finalists to receive funding to develop geothermal wells in Kenya by the African Union-backed Geothermal Risk Mitigation Facility for East Africa (GRMF). State-owned Geothermal Development Company (GDC) and private firm Empakaa Energy had sought funding support for drilling and infrastructure of wells in the country. GRMF, set up in 2012 by the African Union Commission (AUC), said in a notice the two Kenyan firms alongside four others from Djibouti and Tanzania will get cumulative funding of US$15.6 million (Sh1.7 billion)…

Read More

EIB gives US$94.3m towards geothermal power production in SSA

SUB-SAHARAN AFRICA – A total of seven Sub-Saharan Africa nations are set to benefit from €80 million (US$94.3 million) funding from the European Union investment arm European Investment Bank (EIB) to increase geothermal power production. The European Investment Bank (EIB) approved the funding on 17th July 2021targeting private sector-led geothermal power projects in East Africa. The funding will benefit projects in Kenya and 17 other countries, including Ethiopia, Rwanda, Tanzania, Uganda, Mauritius, Mozambique, and Madagascar. “Eligible projects will typically include greenfield development and brownfield expansions, with proven geothermal resources,” said…

Read More