GDC receives EUR 5 million grant to support Baringo-Silali geothermal project, Kenya
Launch of the Green Resilient Electricity System Programme with European Commissioner Kadri Simson and Kenya's Cabinet Secretary of Energy Davis Chirchir (source: Delegation of the European Union to Kenya)
Carlo Cariaga
24 May 2024
GDC will be receiving a EUR 5 million grant to support its Baringo-Silali geothermal project, as part of a grant program by the EU's Global Gateway initiative.
The Geothermal Development Company (GDC) is set to receive a EUR 5 million grant from the newly launched Green Resilient Electricity System Programme. GDC will use the funds for capacity building in “Sustainable Project Management” in a bid to ensure timely and successful implementation of the Baringo-Silali geothermal project.
The Green Resilient Electricity System Programme will support Kenya’s goal of a complete transition to 100% clean power generation by 2030. BY providing critical investments and capacity-building measures, it hopes to expand the country’s production of green electricity thus improving grid stability and energy security.
The Programme was launched by the European Commissioner for Energy, Kadri Simson and Kenya’s Cabinet Secretary of Energy and Petroleum Hon. Davis Chirchir, at a side-event of the just concluded 9th IEA Global Conference on Energy Efficiency that took place in Nairobi.
The Programme has been developed under EU’s Global Gateway initiative in close cooperation with the Kenyan government and the Team Europe partners German investment bank KfW and the European Investment Bank (EIB). It will provide technical assistance and capacity building for the Kenyan implementing partners to ensure the successful and timely implementation of the project components.
At the conference, the GDC delegation was led by the Managing Director & CEO Mr. Paul Ngugi. He was accompanied by Acting General Manager, Strategy, Research & Innovation Eng. Martha Mburu, and Project Management Engineer, Moses Kachumo.
“By making the Kenyan energy system more resilient, efficient and clean, the programme definitely contributes to Kenya’s energy and climate goals, powering socio-economic growth and transformation, as well as, supporting green industrialisation, employment and reduction of greenhouse gas emissions,” said CS Davis Chirchir during the event.
Source: Geothermal Development Company and Delegation of the European Union to Kenya
