African Development Bank approves $16.5 million loan to boost Kenya's clean energy transition
Kenya, Jan. 22 -- The Board of Directors of the African Development Bank Group has approved a loan of $16.5 million to support the development of the 35 MW OrPower Twenty-Two (OTTL) Geothermal Power Plant last November, a flagship renewable energy project that will increase Kenya's baseload generation and accelerate its clean energy transition.The project is being developed by OTTL, an Independent Power Producer (IPP) in the Menengai geothermal field, just north of Nakuru Town, 180 km northwest of the capital, Nairobi. It is the third power plant in the field, complementing the operational 35 MW Sosian Menengai Geothermal plant, and the 35 MW Globeleq Menengai Geothermal project, of which the latter is still under construction with separate...
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