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Geothermal Development Company will begin drilling steam wells for power generation in Menengai, Nakuru in October.
The state company has acquired the two rigs to be used in the project from China.
The GDC managing director, Silas Simiyu, said the cost of sinking a well would reduce by 46 percent from $6.5 million to $3.5 million as the company would use its own rigs instead of hiring a contractor.
"GDC will develop Menengai and offer steam as a Kenyan resource for power generation to attract a wider participation and eventually lower electricity costs," he said.
Various investors, including Kenya Electricity Generating Company, will be invited to …