Drilling works at Galla Le Koma geothermal field to begin next month
Drilling works at Galla Le Koma geothermal field to begin next month
Modified date:
Kenya Electricity Generating Company (KenGen), a parastatal company and the largest electric power producer in Kenya has revealed that preparations are 80% complete and that the actual drilling works at the Galla Le Koma geothermal site located in Lake Assal region, central Djibouti, shall commence in June.
This comes approximately three months since the Nairobi, Kenya-based Company signed US$ 6.5m contracts with Office Djiboutien de developpement de l’energie geothermique (ODDEG), or rather the Djiboutian office of geothermal energy development), to carry out the project.
KenGen seeking to raise $1 95bn in funding for geothermal development
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KenGen readies rig for geothermal project in Djibouti
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Equity, Co-op Bank owe State millions in loans
Monday May 10 2021
By CONSTANT MUNDA
Summary
The Treasury has listed the two top-tier lenders among 56 firms, mostly parastatals, which held Sh867 billion in outstanding loans from the national government at the end of June 2020.
In documents tabled in the National Assembly on April 29, the Treasury says Equity the country’s biggest lender by deposit accounts had Sh493.47 million outstanding out of the Sh654.3 million loans it had received.
Loans yet to be cleared by Co-operative Bank the country’s third largest bank by assets amounted to Sh287.42 million out of Sh417.86 million it was advanced.