Kenya: EIB Approves Financing of 70 MW Unit 6 Extension of Olkaria I Geothermal Power Plant

European Investment bank approves €9.4bn in new loans (News Release)

The Board of Directors of the European Investment Bank, representing the bank’s 28 EU member state shareholders, as well as the European Commission, today approved EUR 9.4 billion of new financing for 56 projects across Europe and around the world.

In the area of sustainable and renewable energy, the EIB board agreed to finance the extension of the Olkaria 1 Geothermal plant and rural electrification in Kenya

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