The Power plants being developed at Menengai and Baringo-Silali Paka geothermal projects will significantly boost Geothermal Development Company's (GDC) revenues and help the company in achieving its financial sustainability by 2029, the company's Managing Director and Chief Executive Officer Paul Ngugi has assured.
The assurance comes even as it emerged that GDC had been relying heavily on government funding for its operations.
The Managing Director expressed confidence that once all the Independent Power Producers (IPPS) are operational at Menengai and Baringo-Silali Paka projects in Nakuru and Baringo Counties respectively, the GDC company would be able to pay its bills and have extra money for investments.
Two power producers are said to have started the construction of electricity plants with a combined capacity of 70 megawatts (MW) at the Menengai geothermal fields that are set to start feeding the national electricity grid by the end of next year.
