AfDB helps finance geothermal power plant in Kenya

The African Development Bank (AfDB) has approved a senior loan of $29.5 million and a concessional loan of $20 million from the Climate Investment Funds Clean Technology Fund to Quantum Power East Africa GT Menengai. The funding will support the development of a 35MW geothermal power plant at the Menengai geothermal field in Nakuru County, Kenya, one of three modular geothermal plants in the Menengai field with a combined capacity of 105MW.