JICA backs Kenya's 5-GW geothermal plan with USD-19m grant
Jul 1, 2013 - The Japan International Cooperation Agency (JICA) will provide a KES-1.6-billion (USD 19m/EUR 14m) grant to the government of Kenya to back the African country's 5-GW geothermal goal by 2030, local media said Friday.
Japan has also proposed to deliver technical assistance to Kenya, JICA's industrial development and public policy director-general Hidetoshi Irigaki was quoted as saying on the signing ceremony of the grant.
The financing will be received by Kenya's state-owned Geothermal Development Company (GDC), which is in charge of the country's geothermal capacity expansion scheme.
At present, Kenya has 14 rigs operating in several geothermal fields. It will need to install 15 more rigs and to drill continuously in the coming 17 years to reach its 2030 target, the country's Energy Ministry estimates. Currently, state-owned Kenya Electricity Generating Co (NBO:KGEN), or KenGen, is developing a 280-MW geothermal project.
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