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UK firm acquires company building geothermal plant


THE STANDARD
By
Macharia Kamau |
February 8th 2021 at 00:00:00 GMT +0300
Geothermal Development Corporation rig at Menengai Crater in Nakuru which is set to produce affordable power. [File, Standard]
CDC, the UK development finance institution, is making a foray into Kenya’s geothermal electricity sub-sector.
It has acquired one of the firms that have been contracted to put up power plants at the Menengai geothermal fields.
Through its Africa focused energy firm Globeleq, CDC has acquired a controlling stake in Quantum Power East Africa GT Menengai (QPEA).
QPEA is among three firms that were awarded contracts by Geothermal Development Company (GDC) to develop power plants in Menengai. ....

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