Kenya to gain from $94m EU geothermal power fund

Geothermal well at Olkaria. PHOTO | FILE

Kenya is among countries set to benefit from €80 million ($94 million) funding from the European Union investment arm to increase geothermal power production.

The European Investment Bank (EIB) — an investment arm of the EU — approved the funding last Saturday targeting private sector-led geothermal power projects in East Africa.