EOI – Seeking investment in geothermal direct use, GDC/ Kenya
Grain dryer utilising geothermal steam at Menengai, Kenya (source: GDC)
Alexander Richter
1 Apr 2021
GDC in Kenya is seeking expressions of interest of investing into geothermal direct use projects
Kenya’s Geothermal Development Company (GDC) is inviting Expression of Interest (EoI) for investing in the Direct Uses of geothermal energy in the Menengai Geothermal field in Kenya.
Background
Geothermal Development Company Limited (GDC) is a 100% State-owned Corporation established as a Special Purpose Vehicle (SPV) to fast-rack development of geothermal resources in Kenya. GDC has operations in Menengai and Baringo-Silali geothermal fields. One of GDC’s mandates is to promote alternative uses of geothermal resources, commonly referred to as Direct Uses. GDC has been demonstrating direct-use technology in Menengai geothermal field since the year 2015 where five (5) demonstration demo projects have been set up and commissioned. The demo projects are meant to showcase the direct-use technology to potential investors with the aim of attracting investments. With the observed benefits of direct uses, GDC plans to commercialize the technology by inviting investors to use the technology to power processes in their firms or investments. It is for this reason that, GDC invites Expression of Interest (EoI) from potential investors.
Objective for geothermal energy applications
Geothermal energy can be utilized for a different range of applications ranging from industrial, agriculture, tourism, leisure and domestic, depending on the resource temperature and usage. The investments are to be located adjacent to Menengai geothermal project.
Scope of Work
Interested firms/consortium are therefore invited to express their interest in investing in projects that would utilize geothermal energy for Direct-Uses by; (a) Requesting for the investment term-sheet which contains a summary of the expected energy tariffs and related (b) Submitting a summary of the proposed investment in a format to be provided.
Eligibility, Criteria for Evaluating Potential Investors
Evaluation of the potential investors in direct uses of geothermal energy will be skewed towards the parameters as provided in the detailed report. (The detailed report is to be downloaded from GDC website www.gdc.co.ke free of charge.)
EOI Submission
Submission of the expression of interest made in English must be received in a plain sealed envelope and delivered or registered to: Managing Director & CEO, Geothermal Development Company Ltd (GDC) GDC Kawi House, South C P.O Box 100746 – 00101, Nairobi-Kenya,
The full detailed report on the procurement notice, click here (pdf)
Source: GDC/ Procurement
