GDC undertook drilling of 59 wells in Olkaria I and IV in the year 2009 – 2010. The wells have a total yield of 412MW of which 320MW have been added to the national grid.
The financial year 2014/15 marked a great milestone for GDC in terms of income generation from its 59 wells in Olkaria Fields. GDC received its first revenue from Kenya Electricity Generating Company (KenGen) after the two companies entered into a steam sales agreement to optimize GDC’s revenue generation.
The revenue arising from this agreement amounts to approximately Ksh. 3 billion annually. GDC will continue to earn revenue from sale of steam under the Steam Sales Business Model.