Walvis Bay 250MW gas power plant PPP

Overview:

• Walvis Bay 250MW gas power plant PPP.
• Xaris Energy is developing a gas fired power plant fuelled by natural gas brought to the plant via pipeline from a floating storage and regasification unit (FRSU).
• Xaris Energy is an SPV with Xaris Holdings, Ariya Capital Group and NamPower as shareholders.
• Garanti Koza is acting as EPC contractor.
• Standard Bank of South Africa is acting as lead arranger on the debt financing with Nedback also acting as lender.
• The project is vital for the country which in 2017 still imports 60% of its electricity.

Sam Duke - Editor