Kenyan Energy Companies Sign Multimillion Dollar Geothermal Energy Deals


Kenya currently receives most of its renewable power from erratic hydroelectric sources, which struggle to meet the nation’s energy demand, and supply varying levels of electricity to the grid.Now, two government-owned companies exploring the geothermal potential in Kenya have signed multimillion dollar deals to develop geothermal power plants in an effort to boost the country’s clean, reliable energy.Kenya Electricity Generating Company (Kengen) and Geothermal Development Company (GDC) have been exploring geothermal sources, mainly…

Read more...

More from Commodities

Watch This If You're Wondering How Much Gold to Have and When to Sell

Watch This If You're Wondering How Much Gold to Have and When to Sell

How Can Gold Continue This Upward Momentum?

How Can Gold Continue This Upward Momentum?

Week Ahead: Investors Keep Economy in Check as Trade, North Korea Talks in Limbo

Week Ahead: Investors Keep Economy in Check as Trade, North Korea Talks in Limbo

Oil Rally Steadies Even as Potential Supply Disruptions Persist

Oil Rally Steadies Even as Potential Supply Disruptions Persist

The Outlook for Gold Prices Looks Awful Even With 10-Year Yields Above 3%

The Outlook for Gold Prices Looks Awful Even With 10-Year Yields Above 3%