# 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.

- Type: Contract
- Announced: 2024-10-15
- Where: Menengai, Nakuru, Kenya, Kenya
- Value: $14.4M
- Status: announced
- Capacity: 35 MW
- Products: geothermal steam turbines, power generators, geothermal equipment
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Trade and Development Bank Group](https://endata.com/companies/80444.md)
- [Toyota Tsusho](https://endata.com/companies/3935.md) (supplier)
- [Fuji Electric](https://endata.com/companies/13773.md) (supplier)
- [Japan Bank for International Cooperation](https://endata.com/companies/28292.md) (investor)
- [Mizuho Bank](https://endata.com/companies/80445.md) (investor)
- [Globeleq Menengai Geothermal Limited](https://endata.com/companies/80446.md) (customer)

## Sources

- [tdbgroup.org](https://www.tdbgroup.org/tdb-group-signs-loan-agreement-with-jbic-mizuho-nexi-for-on-lending-to-provide-geothermal-equipment-for-menengai-power-project-in-kenya/), 2024-10-15: "The loan will be utilised for the development of a 35MW geothermal power plant in Menengai, Nakuru, Kenya."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.