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Africa: The New Frontier for Geothermal Investment and Development

2020

Abstract

The geothermal electric power generation was invented in Italy in 1904. In Africa, Uganda and Kenya among others, undertook geothermal exploration in 1954 and 1956, 40 and 42 years ago respectively. Then why have these countries no geothermal power developed to date while Kenya is generating 667 MW of geothermal power and 188 MW under construction? The answer lies in Kenya’s overcoming the lack of policy, institutional and regulatory framework including geothermal specific corporate bodies that are barriers to the geothermal development. The country created the Geothermal Development Company Ltd (GDC) with a clear mandate of developing the geothermal resource, policy and strategy which in turn attracted partnership of several reputable national, regional, bilateral and multinational financial houses to raise millions of fund inflows for a spectrum of activities ranging from consultancies, feasibility studies, drilling rigs, financial management and technical assistance and a host of...