Connect with us

Hi, what are you looking for?

Cyprian Is Nyakundi


JUST Who funds this Scam called GDC ? Part II


Geothermal Development Corporation  is one of the heavily funded corporations in this country . They have received a tune of Billions with no productivity at all. Now, the management has decided to lie to Kenyans and give them false hope. The dream of 5000 MW is a complete impossibility if there is no change of the leadership at GDC . Here is how GDC Has been heavily funded. 

In April 2010 the govt Borrowed from China EximBank an amount of USD 95.4 Million which was for Drilling of Wells for GDC

In 2011 the Govt Borrowed from Kreditanstalt Wiederaufbau of Germany a Loan of USD 16 Million for Drilling at Olkaria wells 

In 2010 Again the Govt borrowed from French Development Agency a Loan of USD 70 Million for Drilling and Capacity Development by GDC

In the same year 2010 the Govt got a GRANT from European Investment Bank USD 36million for Drilling Materials.

In 2012 the Govt borrowed from Africa Development Bank a Loan USD 120 Million for GDC to carry out Drilling and capacity Building

In total the loans borrowed for drilling purposes are as follows (16+95.4+70+120= 301.4 Million USD) ..Use an Exchange rate of Kshs 85 GDC

Apart from the LOAN from Africa Development Bank we have as a Govt Received all the other loans 100%. 57% of the AfDB has been received GDC


Despite the huge funding, GDC has terribly and miserably failed. Word has it that whenever there are visitors to see the progress, Olkaria drilling Site  Engineers used to pump water in the Wells to “ARTIFICIALLY” show  the Visitors that the Wells are functioning.That means we need an independent engineer to be frequently checking the Wells.

Another fact is that there have been leadership wrangles and this corporation will not function at all no matter how much poor Kenyans Inject.

If you know anybody who works at GDC, Call them and ask how much they have been able to produce with those Billions !


Would you like to get published on this Popular Blog? You can now email Cyprian Nyakundi any breaking news, Exposes, story ideas, human interest articles or interesting videos on: [email protected] Videos and pictures can be sent to +254 710 280 973 on WhatsApp, Signal and Telegram.



Click to comment


You May Also Like


Just a day ahead of school’s reopening, disturbing reports of the sad death of a young student have taken the internet by storm. According...


The daughter of a formerly powerful Kibaki-era politician has sparked a conversation on social media after she requested assistance in settling her father’s huge...


Mwenda Mbijiwe has been missing for 4 months now. Members of a University of Nairobi Class of 2015 WhatsApp group were shocked when he...


In the wake of her ex-husband Eddie Ndichu’s assault scandal, fresh details have emerged on the culmination of events that led to the death...

Copyright © 2021 Cyprian Is Nyakundi.

%d bloggers like this: