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KENYA: Government receives GRMF 14.5 million for geothermal energy in Baringo-Silali

January 14 2021
/ Modified on
January 14 2021
The Kenyan central government has just signed for a $14.5 million grant from the Geothermal Risk Mitigation Fund (GRMF) for the implementation of the Baringo-Silali geothermal project. It is being implemented by the Geothermal Development Corporation (GDC) owned by the Central Government of Kenya.
The grant agreement worth 1.6 billion Kenyan shillings (US$14.5 million) was signed between the African Union, represented by the African Union Commission, which is the contracting authority, and the National Treasury of Kenya, which is the beneficiary. The funds go to the Geothermal Development Corporation (GDC) which is developing the Baringo-Silali geothermal project.
The grant from the African Union’s Geothermal Risk Mitigation Fund (GRMF) will support a drilling and testing programme and infrastructure upgrades at t ....

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Kenya: GDC signs fund grant worth Ksh 1.6 billion

Devdiscourse News Desk | Nairobi | Updated: 07-01-2021 17:06 IST | Created: 07-01-2021 17:03 IST
Representative image. Image Credit: Twitter (@GDCKenya)
A parastatal of Kenya s government, Geothermal Development Company (GDC) has ensured and signed a grant contract for the funding of KSh 1.6 billion for testing and drilling program at the Paka element of the Baringo-Silali geothermal project in Kenya, according to a report by Think Geonergy.
As reported, Jared O. Othieno, the Managing Director and CEO of the Geothermal Development Company (GDC) has signed a Geothermal Risk Mitigation Fund (GRMF) grant esteeming Ksh.1.6 bn (over USD 14.5 million) for the execution of the testing and drilling program and infrastructural development in the Baringo-Silali Geothermal Project at Paka Project. ....

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GDC signs $14.5m GRMF grant agreement for Baringo-Silali geothermal project

GDC signs $14.5m GRMF grant agreement for Baringo-Silali geothermal project
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