Geothermal Development Company (GDC) is a fully government-owned company in Kenya’s energy sector. GDC was formed in 2008 as a Special Purpose Vehicle (SPV) formed pursuant to the enactment of the Energy Act No. 12 of 2006, after the adoption of Sessional Paper No. 4 on Energy in 2004 that unbundled the country’s energy sector into five sub-sectors: generation, transmission, distribution, regulation and policy to ensure efficiency. GDC is tasked with developing steam fields and selling geothermal steam for electricity generation to Kenya Electricity Generating Company PLC (KenGen) and private investors.
