Geothermal Development
Energy, Utilities & Waste · Kenya · 1,050 Employees
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About
Headquarters
Red Cross Rd, Nairobi, Nairobi Area, KenyaPhone Number
+254 719037000Website
www.gdc.co.keRevenue
$190.4 MillionIndustry
Who is Geothermal Development
The Geothermal Development Company (GDC) is fully government-owned company in Kenya's energy sector. GDC was formed in 2008 as a Special Purpose Ve hicle (SPV) to accelerate the development of geothermal resources in Kenya. GDC is tasked with developing steam fields and selling geothermal steam for electricity generation to KenGen and to private investors. Geothermal steam is an environmentally friendly and abundant raw material used for generating electricity. The government and several development partners have been financing risks associated with geothermal exploration and drilling.Read more
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Apr 26 2023
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Geothermal Development News & Media
GLOBELEQ'S 35MW MENENGAI GEOTHERMAL POWER PROJECT IN KENYA REACHES FINANCIAL CLOSE
NAIROBI, Kenya and LONDON, Dec. 28, 2023 /PRNewswire/ -- Globeleq, the leading independent power company in Africa, and its project partner, Geothermal Development Company (GDC), are pleased to announce that they have reached financial close on their US$117 million 35MW Menengai...
Paul Ngugi announced as new CEO of GDC, Kenya
The Geothermal Development Company in Kenya has announced Mr. Paul Ngugi as the newly appointed Managing Director and CEO.GDC secures Sh500m geothermal exploration grant from AU
Funds to go towards exploration at the Paka Geothermal Project in Baringo.
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Frequently Asked Questions Regarding Geothermal Development
The Geothermal Development Company (GDC) is fully government-owned company in Kenya's energy sector. GDC was formed in 2008 as a Special Purpose Vehicle (SPV) to accelerate the development of geothermal resources in Kenya. GDC is tasked with developing steam fields and selling geothermal steam for electricity generation to KenGen and to private inv... Read More
