China Exim Bank Lends for Kenya's Geothermal Power Project

The Export-Import Bank of China is lending USD92.1 billion to fund a geothermal energy project in Kenya, Newstime Africa reports. The money will be used to drill 26 wells for the Olkaria IV geothermal field, which are estimated to produce an additional 140 megawatts of power. 

About the author

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    Eliza Villarino

    Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.