By BONFACE OTIENOMore by this AuthorGeothermal Development Company (GDC) is set to receive Sh1.3 billion grant from the Geothermal Risk Mitigation Facility (GRMF) to drill six wells in Baringo County. The grant will be used to fund 40 per cent of the costs associated with the drilling of two geothermal wells in three prospects in the county. About 20 per cent of the total costs will, however, be incurred during the development of requisite infrastructural work. The Baringo-Silali Geothermal Project covers three geothermal prospects — Silali, Paka and Korosi — from which GDC is looking to produce 300MW by 2030. GDC committed to expedite and get the requisite approvals to the signing of the grant contract in a bid to fast-track the development of their Baringo-Silali geothermal project.

Source: Daily Nation February 24, 2019 05:15 UTC