Private Infrastructure Development Group (PIDG) company, Emerging Africa Infrastructure Fund (EAIF), has been appointed a joint mandated lead arranger (JMDA) of the US$30 million debt finance package being raised by Tembo Power to build the Kaptis hydro-electric power plant in Western Kenya.
EAIF, through its manager, Ninety One, will work alongside Finnfund as JMDA. Finnfund, like EAIF, is an impact investor.
Tembo Power, together with its partners Metier and WK Power, will inject some US$14 million in equity. Tembo Power aims to have the new plant operational in late 2022.
Country updates
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April 17, 2020
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,...
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April 15, 2020
Ergon Solair secures FiT from EPRA for Kisumu Solar One project
Ergon Solair Africa Ltd, an affiliate of US-based Ergon Solair PBC, has secured the regulatory permit from the Energy Regulatory Commission of Kenya (EPRA) for the development of a 40 MW sol...
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March 31, 2020
Tembo, Metier signs JDA for the 14.7 MW Kaptis hydropower plant
Tembo Power has signed a Joint Development Agreement (JDA) with Metier, a private equity fund manager, together with its partner WK Construction for developing a 14.7 MW Kaptis hydropow...
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February 14, 2020
KenGen extends deadline for Olkaria geothermal project tender
Kenya’s state-owned power producer, Kenya Electricity Generating Company (KenGen), has extended the deadline for the request for qualification (RFQ) tender for the design, financing, supply...
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February 07, 2020
Kenya Power and Lighting Company signs PPA for 90 MW wind power project in Mpeketoni
Bahari Wind Limited and Kenya Power and Lighting Company have signed a 20-year Power Purchase Agreement (PPA) for a 90 MW wind energy project in Mpeketoni, Lamu County. The PPA states that Bahari Wind...
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