Djibouti offers KenGen Sh129m first payment for five-year-old debt

Djibouti’s state-owned Office of Geothermal Energy Development (ODDEG) has offered to pay KenGen $1 million, about Sh129 million. The proposed first instalment would go toward a debt arising from a geothermal drilling contract dating back five years. KenGen’s latest annual report puts the outstanding invoices at $2.13 million, or Sh276.03 million.