Kaishan News | Our Group Signs Collaboration Framework Agreement with Kenya's GDC to Jointly Develop Five Geothermal Blocks in the East African Rift Valley

On September 14, 2026, Kaishan Group Co., Ltd. and the Geothermal Development Company (GDC) of Kenya signed a Collaboration Framework Agreement in Nairobi. Cao Kejian, Chairman of Kaishan Holding Group Co., Ltd., and Stephen Busieney, Acting Managing Director and CEO of GDC, signed the agreement on behalf of both parties respectively.

According to the framework agreement, the two parties plan to carry out in-depth cooperation and joint development in five geothermal blocks located in the East African Rift Valley within GDC's concession areas — Silali, Paka, Korosi, Baringo, and Suswa. According to reports, the potential resources of these five geothermal blocks can support an installed capacity of approximately 2 gigawatts (GW).

The agreement is non-binding. The main purpose of signing the agreement is to lay the foundation for the two parties to advance to substantive cooperation in the next stage. After the signing, both parties will immediately proceed with various due diligence activities and hold discussions and negotiations on "joint exploration, evaluation, utilization, and possible cooperative development of GDC's geothermal resources and new-type green hydrogen and ammonia production," after which the two parties will, on this basis and in accordance with a mutually agreed development plan, separately sign binding cooperation agreements for each geothermal block.

The Kenyan government has proposed the ambitious goal of achieving 100% green electricity supply by 2030 and effectively reducing electricity prices. Recently, the President of Kenya also proposed a plan to expand Kenya's installed capacity to 10 gigawatts (GW) within the next seven years. This signing was completed against this background. Kaishan was invited to participate in the joint development also because the two 35 MW power plants built by Kaishan in another GDC geothermal block, Menengai, "were rated by Kenya's Ministry of Energy as the country's most outstanding geothermal power plants."

The Collaboration Framework Agreement also takes "using surplus electricity during off-peak periods to produce green hydrogen and ammonia, so as to support the balance of supply and demand in Kenya's power grid and promote lower electricity prices" as one of its cooperation purposes. According to an authoritative source, once this cooperation is implemented, our group will achieve becoming a globally leading geothermal