M a r k e t N e w s

Kenya- Drilling On Longonot Geothermal Project to Start June 2018

Posted on : Thursday , 1st February 2018

 African Geothermal International Limited (AGIL) is said to be planning to start drilling for its Longonot geothermal project this June.
 
The company is linked to the Chairman of Kenya’s National Bank, Mohamed Hassan, who is the co-director of AGIL.
 
This announcement comes after a delay of about 5 years.  Drilling for one well is said to cost around $5 million at a depth of around 3,500m, with a target of up to 40 wells at a planned combined geothermal power output of 140 MW.
 
The company initially announced the start of drilling in 2013 and quoted an overall investment cost of up to $600 million.
 
Back then the company announced it had already secured $10 million (Sh1 billion) in equity to start the exploration and another $8.4 million (Sh865 million) was to be signed with the African Union Commission.
 
AGIL is said to be preparing necessary groundwork to be able to start drilling June 2018.
 
The firm said it has the option of hiring out drilling rigs from either Geothermal Development Company (GDC) or KenGen, both state-owned agencies.
 
In 2009, Agil got the license for drilling, the same year it was incorporated. It was given an area of 132 square kilometres around Mt Longonot for exploration and production for 30 years.
 

Source : izmap
Featured Companies
  • /
  • African Business Development Association
  • TITAN Containers A/S
  • Mercury Tube Products
  • SMES Today Magazine
  • DOOREE INTERNATIONAL CO LTD
  • africabusiness.com
  • Your Banner HERE!

Complete List  

Advertisers in previous issue:

  • Rawasy Al Khaleej Plastic Ind. is an integrated packaging company manufacturing rigid & flexible packaging products.
  • Changzhou Guoshi Vehicle Accessories Co.,Ltd. is proficient in vehicle spare parts manufacturing and has involved a lot of capital, time and resources to make us prominent in this industry.
  • SS Gas Lab Asia (SSGLA) is a recognized, 100% Export Oriented Unit (EOU) and a trusted engineering organization engaged in the manufacture and export of carbon dioxide, nitrous oxide gas plants and related accessories.
  • One of the top leading manufacturers of the accessories for aluminium door& window in China
  • SPB Technical Development Ltd., Hungary, is a privately owned company established in 1996 to design and manufacture products of information technology and of the bank sector.
  • We specialize in custom made products to suit the product as well as the target clients.
  • Exhibition Services
  • MATRADE
  • DM is one of the leading manufacturer specialized in reflective material in the world, which is only one manufacturer that not only produce personal safety production but also produce traffic safety production in China.
  • Specialists in wall tiles, floor tiles & wall/floor tiles.
  • Identity cards, Digital photo ID Card Management systems, Card personalization systems, Time and attendance systems, Identification and verification systems, Visitor management systems, Loyalty applications, Access control systems, etc.
  • Ravi Enterprise is a professionally managed organization, established as a reliable source of industrial heaters.
  • White Horse Ceramic Industries is always the leader in quality, style, pattern and function in order to meet the demand for design and decoration of our customers.
  • Our products are widely used in industries of metallurgy, nonferrous metals, machinery, construction materials, petrochemicals, pharmacy, fertilizer and chemistry.
  • Manufacturer refrigerated-type air dryer, desiccant air dryer and compressed air in-line filter.
  • Preparing the PE raw materials in the shape of powder.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2019 Afrotrade