FEATURED ARTICLE

GDC to Begin Power Generation at Menengai Plant

Share
Geothermal Development Company (GDC) Managing Director Jared Othieno speaking to journalists on Wednesday. The company is set to begin power generation at the Menengai Site.
Share


The Geothermal Development Company (GDC), has so far prospected and drilled steam that  can produce upto 170 megawatts of electricity at the Menengai crater caldera in Nakuru.

GDC began drilling at the Menengai Crater Caldera in the year 2011.

According to GDC Managing Director Jared Othieno,the company will  soon begin production of electricity using steam following the identification and licensing of three independent investors.

The three will each be expected bro produce 35 megawatts of electricity which will then be fed to the national grid.

Speaking in Nakuru, Othieno said that once the production begins, the benefit will be passed on to Kenyans “in form of cheaper power”.

At the same time the MD said that GDC is looking for partnerships with private investors who are willing to sink finances into alternative usage of the geothermal resource.

He cited milk pasteurization, grain drying, aquaculture and cement manufacturing as some of the areas where geothermal resource can be put to use.

On the issue of establishing an industrial park at the Menengai GDC site, Othieno said that a pre-feasibility study had been completed and that a detailed study will soon be done to that effect.

The Nakuru County Government in partnership with the National Government has been mooting setting up an industrial park at the Menengai Crater GDC site. 

See Also>>>> Kenya Power Appoints Five New Board Members

Written by
JACKSON OKATA

Jackson Okata is a journalist based in Nairobi. He can be reached on email at: [email protected]

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
BUSINESS

US Mid-term Elections and Impact on NSE, Global Markets

The recent decline in US equities, particularly the technology-heavy Nasdaq, reflects a...

A Quickmart store.
BUSINESS

QuickMart IPO Oversubscribed at 122.7%

The QuickMart Plc IPO closed oversubscribed at 122.7%, with 18,492 applications came...

CBK
FEATURED ARTICLE

NSE, Money Market, Oil, Gold, Global Financial Markets: CBK Bulletin This Week

NSE (Nairobi Securities Exchange) weekly performance ended in the green, pushed up...

Qwetu SACCO Board Chairman Simon Mbashu
FEATURED ARTICLESACCOs

Qwetu SACCO Cuts its External Debt as Key Performance Indicators Improve

Qwetu Deposit-Taking SACCO, a medium-tier financial institution with its headquarters in Voi,...