A.P. Moller Capital acquired 52.5 MW Iberafrica diesel-fired power plant project in Nairobi
A.P. Moller Capital has acquired the 52.5 MW Iberafrica diesel-fired power plant project for about US$62 million from Naturgy.
The acquisition of the entire issued share capital of Iberafrica, one of Kenya’s leading IPPs, is part of A.P. Moller Capital’s efforts to invest in infrastructure assets including power and energy in Africa. The acquisition provides A.P. Moller Capital with an effective platform to advance its investment commitments in Kenya. A.P. Moller Capital is planning to invest further in greenfield and brownfield power and energy infrastructure assets in Kenya.
Located in Nairobi’s industrial area, Iberafrica has provided baseload and reliable power to the grid since the start of its operations in 1997 and is operated by a highly experienced local management team with extensive knowledge of the Kenyan energy market. Iberafrica sells electricity to the national utility Kenya Power and Lighting Company Plc under a long-term power purchase agreement.
Country updates
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Kenya Power and Lighting Company signs PPA for 90 MW wind power project in Mpeketoni
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November 11, 2019
KenGen launches RFP for 140 MW Olkaria geothermal project
Kenya’s state-owned power producer, Kenya Electricity Generating Company (KenGen), has launched a Request for Qualifications (RFQ) of qualified bidders for the financing, design, supply, co...
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