Nairobi, July 22 -- Kenya is among countries set to benefit from Sh10.2 billion (€80 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.
The funding will benefit projects in Kenya and 17 other countries, including Ethiopia, Rwanda, Tanzania, Uganda, Mauritius, Mozambique, and Madagascar.
"Eligible projects will typically include greenfield development and brownfield expansions, with proven geothermal resources," said EIB.
"Investments in geothermal energy will help diversify baseload renewable electricity supply in t...