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...
Marriott Drilling to Support Tenerife’s First Deep Geothermal Wells with SGI Collaboration
Marriott Drilling Group has been awarded a borehole rig services contract by Soluciones Geotérmicas Integradas (SGI) to deliver Tenerife’s first deep geothermal wells. This landmark project marks a significant step toward unlocking the Canary Islands’ untapped renewable energy potential.
SGI, headquartered in Madrid, Spain, and a wholly owned subsidiary of TAQA (Industrialization & Energy Services Company), is leading Tenerife’s first deep geothermal exploration campaign. Marriott Drilling has been commissioned as the sole drilling contractor to provide high-performance geothermal borehole services, supporting the island’s transition to cleaner energy.
The project, set to begin in 2025, is commissioned by Energía Geotérmica de Canarias (EGC)—a consortium comprising Reykjavik Geothermal, DISA, ITER, and Involcan. The campaign aims to evaluate geothermal electricity generation feasibility and reduce Tenerife’s reliance on imported fossil fuels by drilling exploratory wells reaching depths between 2,500 and 3,000 meters.
With over forty years of experience in high-temperature drilling across three continents, Marriott Drilling brings unmatched expertise to this pioneering initiative. By collaborating closely with SGI, Marriott Drilling is committed to delivering a safe and successful campaign that supports a cleaner and more resilient energy future for the Canary Islands.
This project highlights the growing importance of geothermal energy as a sustainable and reliable source of power, driving energy transition and supporting global efforts to reduce carbon emissions.
Source:Reykjavík

Comments
Post a Comment