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Oct 15, 2024CONTRACTMenengai, Nakuru, Kenya, Kenya

TDB Group signs loan agreement for geothermal equipment at Menengai power project in Kenya

The Eastern and Southern African Trade and Development Bank Group signed a loan agreement with JBIC and Mizuho Bank for on-lending to Globeleq Menengai Geothermal Limited to provide geothermal equipment for a 35MW geothermal power plant in Menengai, Nakuru, Kenya. The total financed amount is USD 14.4 million.

Value

$14.4M

Status

Announced

Capacity

35 MW

Productsgeothermal steam turbinespower generatorsgeothermal equipment

CompaniesTrade and Development Bank Group Toyota Tsusho supplier Fuji Electric supplier Japan Bank for International Cooperation investor Mizuho Bank investor Globeleq Menengai Geothermal Limited customer

Sectors#Power Generation Equipment

“The loan will be utilised for the development of a 35MW geothermal power plant in Menengai, Nakuru, Kenya.”tdbgroup.org

1 source
tdbgroup.orgTDB Group Signs Loan Agreement with JBIC-Mizuho-NEXI for On-Lending to Provide Geothermal Equipment for Menengai Power Project in Kenya - Trade and Development BanktdbgroupOct 15, 2024

Summarized from public sources; check the original articles before acting on it.

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