The 300MW Bogoria-Silale geothermal power project is being built to settle a €60 million (Sh8 billion) loan that Kenya owes Germany, marking Nairobi’s first debt-for-climate swap.
Disclosures contained in a report by the African Development Bank (AfDB) show that Germany agreed to forgive the debt on condition that Kenya fully delivers the project meant to supply more clean power to the national grid and light up the local communities.
