The European Investment Bank (EIB) is planning to audit how the Geothermal Development Company (GDC) spent the €2.71 million (Sh427.6 million) subsidy it received for the exploration and development of geothermal resources.
GDC received the money from EIB and its co-financiers AFD, KfW, JICA and the World Bank when it was funding Kenya Electricity Generating Company (KenGen) in the expansion of the Olkaria geothermal steam field.
