Kenya: EIB approves €72m for Olkaria I Unit VI

The European Investment Bank in July approved a €72m ($81m) financing package for a €311m project to add another 70MW turbine to Kenya Electricity Generating Company’s Olkaria I geothermal complex in Naivasha district. The new unit will be sited next to units IV and V, both 70MW, which were commissioned in 2014. Units I, II and III are each 15MW and came online in 1981, 1982 and 1985 respectively.