EIB agrees €155m loan for Kenyan geothermal plant

In:

Renewable energy

Region:

Middle East & Africa

The European Investment Bank (EIB) has offered a €155 million loan to Kenya-headquartered Akiira Geothermal, which is partly owned by Centum Investments, for generating geothermal electricity. The power project is based in Akiira Valley, in Naivasha, and will have a capacity of 70MW upon completion.

The electricity will cost Sh9.5 per unit (9.23 US cents) under a power purchase agreement signed in August 2015 with electricity distributor Kenya Power.

View source

Shona Tatchell: EBRD's new head of trade facilitation on digitalisation and sustainability

Interview

07 May 2024

Shona Tatchell: EBRD's new head of trade facilitation on...

In her first interview since her appointment on 7 May, Shona Tatchell, the new head of trade and supply chain finance, European Bank for Reconstruction & Development (EBRD)...

Financing last-mile connections in Africa

Perspective

17 May 2024

Financing last-mile connections in Africa

Low-income household energy projects in Africa are increasingly being financed via securitisation structures. The deals are relatively small, but the impact could prove as...

Must See

Video

14 March 2024

EDB’s cheatsheet for cross-border PPPs

Cross-border PPPs are complex and few in number - but potentially highly impactful. Evgeniy Vinokurov, chief economist at Eurasian Development Bank (EDB), discusses the findings from EDB’s 2023 report 'Cross-Border Public- Private Partnerships' and what makes for a successful cross-border PPP.

Interview

07 May 2024

Shona Tatchell: EBRD's new head of trade facilitation on digitalisation and sustainability

In her first interview since her appointment on 7 May, Shona Tatchell, the new head of trade and supply chain finance, European Bank for Reconstruction & Development (EBRD) Trade Facilitation Programme (TFP), discusses her unusual journey to the role, and how she is well placed to help champion digitalisation and sustainability in trade.

Perspective

17 May 2024

Financing last-mile connections in Africa

Low-income household energy projects in Africa are increasingly being financed via securitisation structures. The deals are relatively small, but the impact could prove as significant as new large-scale generation projects.