Kenyan firms get AU funds for geothermal wells

KENYA – Two Kenyan energy firms have been picked among finalists to receive funding to develop geothermal wells in Kenya by the African Union-backed Geothermal Risk Mitigation Facility for East Africa (GRMF). State-owned Geothermal Development Company (GDC) and private firm Empakaa Energy had sought funding support for drilling and infrastructure of wells in the country. GRMF, set up in 2012…

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EIB gives US$94.3m towards geothermal power production in SSA

SUB-SAHARAN AFRICA – A total of seven Sub-Saharan Africa nations are set to benefit from €80 million (US$94.3 million) funding from the European Union investment arm European Investment Bank (EIB) to increase geothermal power production. The European Investment Bank (EIB) approved the funding on 17th July 2021targeting private sector-led geothermal power projects in East Africa. The funding will benefit projects…

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