Itare Dam

15/7/2015
Project development, Project finance

KSh 34 billion

$ 329.219 million

Completed

15/7/2015


Overview:

  • Itare Dam.
  • The development of Itare Dam site is identified as the most viable long term source of water to address water shortages in Nakuru Municipality and the Kuresoi, Molo, Njoro and Rongai areas. 
  • Situated in Molo, Nakuru County, the project includes a 57m high dam and related water treatment facilities and has been designated as a high priority flagship project by the Government of Kenya. 
  • The project is due for completion in 2020.
  • Intesa Sanpaolo and BNP Paribas are providing export credit financing for the project with a guarantee provided by Italian ECA SACE.

Anna Kozakova - Journalist 

Jurisdiction:

Kenya

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Industry sectors:

Utilities
Construction and materials


Firms:

Party: Intesa Sanpaolo (Lender)

Party: BNP Paribas (Lender)

Party: SACE - Servizi Assicurativi del Commercio Estero (Lender)


Party: Intesa Sanpaolo (Lender)

Party: BNP Paribas (Lender)

Party: SACE - Servizi Assicurativi del Commercio Estero (Lender)

Lawyer: Tessa Lee