Geothermal Development Company (GDC) received a grant of $18.6 million (1.9 billion shillings) for its geothermal Baringo-Silali project in western Kenya. The grant comes from the Facility for Geothermal Risk Mitigation (GRMF).
The geothermal venture of Baringo-Silali is progressing. The Kenyan public company that is constructing the Rift Valley project, Geothermal Development Company (GDC), has received a new grant from the Geothermal Risk Mitigation Facility (GRMF). It is intended to allow geothermal exploration to begin under this plan in western Kenya with a cost of 1.9 billion shillings ($18.6 million).
Created by the Commission of the African Union (AU), GRMF is a sub-regional organization financing and supporting geothermal energy production in East Africa. The grant it has just awarded for the geothermal project Baringo-Silali will allow the GDC to conduct new drilling. In practical terms, the costs of the project will be reimbursed each time a geothermal well is built.
"Fund allocation is a sign of trust in the GDC as well as in geothermal energy as a resource of the present and the future," says Johnson Ole Nchoe, Executive Director of GDC. GRMF has awarded a grant to GDC for its geothermal Baringo-Silali project for the second time. It had already received a grant of 1.3 billion shillings ($13 million) from GRMF in March 2019.
This commitment has made it possible for the company to make progress on its plan. The successful drilling of the first geothermal well was announced in September 2019. It was drilled in Paka, known as Paka I, which is one of the three sites of the geothermal Baringo-Silali project. In Paka, Salini and Korosi, a total of six geothermal wells will be drilled.
GDC expects that each site of the Baringo-Silali geothermal project will have a 100 MW power plant to operate its turbines using the steam generated from the underfloor water. Therefore, the three sites will provide a maximum of 300 MW. Experts estimate that up to 3,000 MW can be generated at the Baringo-Silali geothermal site.
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