GDC - Geothermal Development Company Ltd

The Geothermal Development Company’s efforts in energy generation

will prove profitable to industrialists, the Kenya Association of Manufacturers (KAM) has said.

In a recent breakfast meeting with GDC, the industrialists decried the high cost of electricity which they described as “hurting business.”

They however expressed their confidence in GDC to turn around the electricity situation for industrial growth.

The Managing Director, Dr. Silas Simiyu assured the industrialists that GDC is committed towards providing affordable, reliable and clean energy.

He dispelled fears that electricity costs will go up in the event that GDC strikes dry wells.

“So far we haven’t sunk any dry well,” Dr. Simiyu explained. “The beauty is that GDC will meet upstream risks in order to make

geothermal attractive to investors. This way, geothermal remains the least cost and the most reliable source of electricity.”

Paul Ngugi, GDC’s Manager, Corporate Planning & Strategy presented the GDC and geothermal outlook in the country. 

The industry marveled at the great geothermal potential Kenya boasts of.

Dr. Simiyu invited the KAM and other stakeholders to be vigilant and ensure that GDC delivers.