GDC receives geothermal funding from the Government of Italy
Monday, May 15, 2017 - The GDC Managing Director & CEO Eng. Johnson P. Ole Nchoe witnessed a funding signing ceremony between UN Environment and the Italian Agency for Development Cooperation at the UN Environment Headquarters in Nairobi, Kenya.
Under the agreement, the Government of Italy will provide technical assistance (through UN Environment) to the Government of Kenya for accelerating geothermal resources development in Kenya. The project will run for two years from 2017 with a total cost of EUR0 300, 000.
During the signing ceremony, Eng. Johnson Ole Nchoe acknowledged that this signing agreement is a culmination of a long journey and a sign of good things to come, and appreciated all the efforts made therein. He reiterated GDC’s support to the regional geothermal development efforts being spearheaded by UN Environment.
The Italian Ambassador to Kenya, H.E. Mauro Massoni who spoke on behalf of the Italian Embassy and the Italian Agency for Development Cooperation remarked, “This technical assistance is essential to ensure sound and environmentally friendly development of the enormous geothermal energy in Kenya. The sustainable development of geothermal potential in Kenya needs to take into account social, economic and environmental aspects.”
The funding will benefit Geothermal Development Company (GDC) and the Kenya Electricity Generating Company Limited (KenGen) for geothermal development activities in Suswa and Baringo- Silali for GDC, and in Eburru and Lake Elementaita for KenGen. The Ministry of Energy & petroleum has been in the forefront in sourcing for funding from development partners such as Italy for the accelerated and sustainable development of geothermal resources.