IFLR1000

Yuma-South Akanyaru 80MW peat power plant

31/1/2017
Project development, Project finance
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$ 350 million

Announced

31/1/2017

Overview:

  • Yuma-South Akanyaru 80MW peat power plant.
  • Hakan Madencilik ve Elektrik Üretim, Quantum Power and Themis Energy are constructing a peat fired power plant in Southern Rwanda in the Gisagura district.
  • The concession runs for 26 years after which the plant will revert to ownership by the Rwandan government. The plant is due to come online in 2020.
  • $281 million of the $400 million cost of the project is being provided by Africa Finance Corporation (AFC), Finnfund, PTA Bank, Afreximbank, the Development Bank of Rwanda (BRD) and the Export-Import Bank of India. 
  • The project is the second largest IPP in Rwanda to date. The country intends to install 563MW by 2018.

Sam Duke - Editor

Jurisdiction:

Rwanda

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Industry sector:

Energy

Firms:
Clifford Chance

Party: Quantum Power (Project developer)

Party: Hakan Madencilik ve Elektrik Üretim (Project developer)

Party: Themis Energy (Project developer)

Lawyers: James Pay, Jeremy Connick

Trinity International

Party: Africa Finance Corporation (Arranger, Lender)

Party: PTA Bank (Lender)

Party: African Export-Import Bank (Lender)

Party: Export-Import Bank of India (Lender)

Party: Finnfund (Arranger, Lender)

Party: Development Bank of Rwanda (BRD) (Lender)

Lawyers: Barry Burland, Simon Norris

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