Geothermal field development Bogoria-Silali Block

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The project includes project preparation measures by the project sponsor Geothermal Development Company (GDC) in the Bogoria-Silali geothermal field in the Kenyan Rift Valley. These form the basis for the complete development of the field for later power generation. Detailed surface studies suggest a total power generation potential of around 3,000 MW in the Bogoria-Silali block. In phase 1, steam will initially be developed for the power generation of 800 MW and the subsequent feed-in to the national grid. In the case of geothermal energy, the initial exploration activities in particular represent an obstacle to investment. The test drillings to be carried out in the initial phase require a large capital investment and are also associated with a high risk of discovery. Only after the first drillings have been carried out can a feasibility study determine the exact potential of geothermal energy and estimate the final risk. The project starts with the first development activities and includes the financing of up to 20 test drillings and the infrastructure required for this (in particular water pipes). In addition, the feasibility study for 800 MW and consulting services will be financed. These consist of an implementation consultant and a transaction advisor who will provide advice in particular in the area of private sector participation. The private sector is to play a central role in both the further development of the geothermal field and the construction and operation of the power plant. The project is intended to contribute to a sustainable, cost-efficient and reliable energy supply in Kenya; in addition, considerable amounts of greenhouse gases will be saved through the use of renewable energy. The expected CO2 savings in the first phase of development (800 MW) amount to around 2.3 million tonnes of CO2 per year at an average capacity utilization of 90%. The total cost of the FC project is estimated at EUR 89 million. The Kenyan government will receive EUR 80 million in the form of a low-interest loan, with Kenya's own contribution amounting to EUR 9 million. The GDC estimates the costs for the entire development of the 800 MW, including the steam pipeline system, at EUR 1.6 billion, and the construction of the power plant is estimated at up to EUR 2.5 billion.