Lamu 981.75MW coal power plant

27/2/2017
Project development, Project finance

$ 2 billion

Announced

27/2/2017


Overview:

  • Lamu 981.75MW coal power plant.
  • Amu Power Company, a company owned by a consortium made up of Centrum Investments, Gulf Energy and Sichuan Electric Power Design and Consulting Company, is developing the project in the Kwasasi area.
  • Construction had been expected to begin in 2015 but the project has faced a number of challenges from the local community primarily for environmental reasons. 
  • The project was finally given regulatory approval in January 2017 by the Kenyan Energy Regulatory Commission though it still faces court challenges,
  • CfC Stanbic Bank, Standard Bank of South Africa and Industrial & Commercial Bank of China are providing financing for the plant. 

Rani Mehta - Journalist 

Jurisdiction:

Kenya

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Governing laws:

England and Wales
Kenya

Industry sector:

Energy


Firms:

Party: Amu Power (Project developer)

Party: Gulf Energy (Sponsor)


Party: Amu Power (Project developer)

Party: Gulf Energy (Sponsor)

Lawyer: Andrew Mugambi


Party: Stanbic IBTC Bank (Lender)

Party: Standard Bank of South Africa (Lender)

Party: Industrial and Commercial Bank of China Ltd (Lender)


Party: Stanbic IBTC Bank (Lender)

Party: Standard Bank of South Africa (Lender)

Party: Industrial and Commercial Bank of China Ltd (Lender)