Geothermal Development Company (GDC) is a 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 Kenya Electricity Generating Company PLC (KenGen) and private investors.
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The company has not participated in any projects.
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Globeleq and its local project partner Geothermal Development Company (GDC) have reached financial close on their 35 MW Menengai geothermal project in Nakuru County, Kenya. The primary project lender...
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