The funding follows two weeks after Japan announced a $303m loan (at current exchange rates), also for geothermal.
The two deals, coming one after the other, are spurring talk in Kenyan media of an escalating competition between the Asian economic heavyweights for position in the country.
It is most certainly a boon for Kenya’s ambitious geothermal energy development plans. The country has a significant resource, estimated at 7 gigawatts, in the Rift Valley and has embarked on plans to speed development as its hydroelectric system has struggled in recent years under severe droughts and the country faced ongoing energy shortages.
There
