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Auditor General’s red flag on Geothermal Development Company financial management

Auditor General Nancy Gathungu. [David Njaaga, Standard]

A report by the Auditor General (AG) has revealed that Geothermal Development Company (GDC) spent more than Sh900 million in drilling unproductive wells, which it ended up abandoning.

According to a report for the year ended June 2019, the auditor general notes that the company, during the 2016/2017 fiscal period had significant expenses amounting to Sh1.7 billion, some of which could have been avoided.

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