Akiira One 140MW geothermal power plant

21/9/2016
Project development

KSh 30 billion

$ 300 million

Announced

21/9/2016


Overview:

  • Akiira One 140MW geothermal power plant
  • The project is the the first private sector greenfield geothermal development in Sub-Saharan Africa.
  • Located in the region of Naivasha it is focused on an area covering 120km2, in a block known as Akiira.
  • The project is being developed in two phases of 70MW each.
  • The project is being financed by a grant from OPIC, while EIB and Standard Bank are acting as lenders.
  • Green Africa Power, a fund established by the Private Infrastructure Development Group, is also investing in the project.

Anna Kozakova - Journalist

Jurisdiction:

Kenya

Deal type:

Project development

Practice area:

Project development

Governing law:

Kenya

Industry sector:

Energy


Firms:

Party: CfC Stanbic (Lender)


Party: Standard Bank (Lender)

Party: Overseas Private Investment Corporation (OPIC) (Sponsor)

Party: European Investment Bank - EIB (Lender)