Actis to buy majority stake in Kenya's Kipeto Wind Power

Equity company Actis LLP is negotiating for the purchase of a 88% stake in the 100MW Kipeto Wind Power located 70km southwest of Kenya's capital Nairobi. Craftskills Wind Energy International Ltd. will cede 8% of its 20% holding. Actis is also in talks with African Infrastructure Investment Managers to acquire a 55% stake held by the Old Mutual Alternative Investments Pty Ltd. and 20% held by the IFC. The Overseas Private Investment Corp is to provide the project with $233 million in senior debt financing.