African Development Bank funds $60m for geothermal drilling rigs of GDC
Kenya's Geothermal Development Co. has secured funding of $60 m in form of a loan from the African Development Bank. The funding is to allow the company to purchase three geothermal drilling rigs.
Reported before the weekend, the African Development Bank has announced to lend $60 million to Kenya’s Geothermal Development Co.
The funding is to allow the company to purchase three geothermal drilling rigs for geothermal project development in Kenya.
We will report more if we find more details.
Source: GDC via Bloomberg