The World Bank’s Multilateral Investment Guarantee Agency, or MIGA, has allocated $110 million to Kenya to finance increased production of geothermal power.

The World Bank released a statement commenting, "MIGA has increased its coverage against the risks of transfer restriction, expropriation, and war and civil disturbance to cover an additional equity investment of $110 million for phase three of the project," Nairobi’s Business Daily reported.

The geothermal plant, scheduled for completion in two years’ time, is intended