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Comment on GDC to focus primarily on steam development by maskunta
['Think Geoenergy', 'Francisco Rojas']
Comments for ThinkGeoEnergy – Geothermal News & Insights
GDC to focus primarily on steam developmentGDC drilling site at the Menengai crater, Kenya (source: in2eastafrica.net)Francisco Rojas 15 Sep 2014GDC reports that it has adopted a new generation model where its primary focus is steam development which will then be sold to private power producers for electricity generation.
This is expected to ensure GDC does not tie up its funding in building power plants when there are investors willing to do so.
Under this model, power plant investors will be assured of a 25-year steam supply from GDC while at the same time having a binding power purchase agreement with Kenya Power.
GDC estimates that within 10 years of power production, an investor will have recouped the investment in a power plant, with the remaining 15 being profit years.
GDC has awarded H Young, a contractor, to design and build a steam-gathering system to supply steam to the three power plants.
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