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Djibouti Pays KenGen: $1M Offer on a Five-Year Geothermal Drilling Debt

Djibouti Pays KenGen: A $1 Million Offer on a Five-Year-Old Geothermal Drilling Debt Djibouti has finally moved to pay part of what it owes Kenya Electricity Generating Company (KenGen) for drilling work done near Lake Assal. The amount is small next to KenGen's balance sheet. What it says about selling geothermal drilling services across Africa matters a lot more. KenGen's latest annual report says Djibouti's state geothermal agency, the Office Djiboutien de Développement de l'Énergie Géothermique (ODDEG), has offered a first instalment of about $1 million (Sh129 million) against outstanding invoices of $2.13 million (Sh276.03 million), according to Business Daily. "ODDEG has acknowledged the debt and has proposed an initial payment of $1 million as the first instalment towards settlement," KenGen said in the report. KenGen is Kenya's largest power producer, with about 54% of the market. The Kenyan government owns 70% of the company and the public holds t...

Ecopetrol Explores Geothermal Energy in Caldas, Colombia

Exploring the Potential of Geothermal Energy in Caldas, Colombia



In recent years, the world has been witnessing a shift towards renewable energy sources, and Colombia is no exception. With its rich natural resources and commitment to sustainable development, the country is embarking on an exciting journey to harness geothermal energy, particularly in the region of Caldas.


Geothermal energy, derived from the Earth's internal heat, has long been recognized as a clean and reliable source of power. Unlike fossil fuels, geothermal energy produces minimal greenhouse gas emissions and offers a consistent power supply, making it an attractive option for sustainable energy generation.


Caldas, situated in the heart of Colombia's coffee region, is poised to become a hub for geothermal energy exploration. Recent advancements in technology and partnerships between government agencies and private companies have paved the way for significant investments in geothermal projects in the region.


One such project gaining momentum is led by the Colombian state-owned company Ecopetrol, in collaboration with multinational corporations like Baker Hughes Company and local utility Chec. Together, they are spearheading efforts to explore and develop geothermal resources in Caldas.


The initiative received a significant boost with the recent announcement of plans to invest in drilling activities and advance the development of geothermal energy generation. With an investment of approximately $25 million, Ecopetrol, Baker Hughes, and Chec are gearing up to construct two exploratory wells to assess the potential of geothermal reservoirs in the region.


According to Santiago Villegas Yepes, manager of Chec, these initial explorations will provide crucial insights into the quantity and quality of geothermal resources available in Caldas. The ultimate goal is to establish a geothermal power plant capable of generating around 30 megawatts of electricity, enough to power approximately 200,000 households in the region.


This ambitious endeavor marks a significant milestone in Colombia's renewable energy journey and underscores the country's commitment to reducing its carbon footprint. By tapping into its geothermal potential, Caldas has the opportunity to not only diversify its energy mix but also create new economic opportunities and promote sustainable development.


Moreover, the project holds promise for addressing energy poverty and promoting social equity in the region. With access to clean and affordable energy.


Source: Researched and Written by Robert Buluma, alphaxioms@gmail.com

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