IFLR1000

Lake Turkana 310MW wind farm

23/3/2017
Project development, Project finance
Select tab

KSh 70 billion

$ 677.789 million

Completed

23/3/2017

Overview:

  • Lake Turkana 310MW wind farm.
  • The project consists of 365 turbines covering an area of 162km2 in Loiyangalani District, Marsabit County.
  • The project is being developed by the Lake Turkana Wind Power Project (LTWP) consortium, made up of: KP&P Africa, Aldwych International, Finnish Fund for Industrial Cooperation (FinnFund), Industrial Fund for Developing Countries (IFU), KLP Norfund Investments, Vestas Eastern Africa and Sandpiper.
  • At the time of its announcement the project represented the largest private investment in Kenyan history and was also the largest wind farm set to be constructed in Africa.
  • A 428km transmission line running from Loiyangalani in northern Kenya to Suswa will connect the project to the national grid.
  • Financing is being provided by African Development Bank, European Investment Bank (EIB), Nederlandse Financierings Maatschappij Voor Ontwikkelingslanden (FMO), Proparco, PTA Bank, Nedbank, The Standard Bank of South Africa, Eksport Kredit Fonden (EKF), Deutsche Investitions- und Entwicklungsgesellschaft (DEG), East African Development Bank and Triodos.

Sam Duke - Editor

Jurisdiction:

Kenya

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Industry sector:

Energy

Firms:
Allen & Overy

Party: Lake Turkana Wind Company (Project company)

Lawyer: Tim Scales

ALN Kenya | Anjarwalla & Khanna

Party: Lake Turkana Wind Company (Project company)

Lawyers: Amyn Mussa, Dominic Rebelo

Bracewell

Party: Vestas Eastern Africa (Supplier)

Lawyer: Tracy London

CMS Cameron McKenna Nabarro Olswang

Party: Aldwych International (Project developer, Investor)

Party: Finnfund (Investor)

Party: Industrial Fund for Developing Countries (IFU) (Investor)

Party: Norfund (Investor)

Party: Vestas Eastern Africa (Investor)

Lawyers: Bill Carr, Munir Hassan

Trinity International

Party: European Investment Bank - EIB (Lender)

Party: African Development Bank (Lender)

Party: FMO - Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (Lender)

Party: Proparco (Lender)

Party: PTA Bank (Lender)

Party: Nedbank (Lender)

Party: Standard Bank of South Africa (Lender)

Party: EKF - Eksport Kredit Fonden (Lender)

Party: DEG - Deutsche Investitions- und Entwicklungsgesellschaft (Lender)

Party: East African Development Bank (Lender)

Party: Triodos Bank (Lender)

Lawyers: Kaushik Ray, Luke Muchamore, Patrick Leece, Paul Biggs

Walker Kontos

Party: European Investment Bank - EIB (Lender)

Party: African Development Bank (Lender)

Party: FMO - Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (Lender)

Party: Proparco (Lender)

Party: PTA Bank (Lender)

Party: Nedbank (Lender)

Party: Standard Bank of South Africa (Lender)

Party: EKF - Eksport Kredit Fonden (Lender)

Party: DEG - Deutsche Investitions- und Entwicklungsgesellschaft (Lender)

Party: East African Development Bank (Lender)

Party: Triodos Bank (Lender)

Lawyers: Diana Situma, Michael Kontos

Related deals