The European Investment Bank and FMO, the Dutch entrepreneurial development bank, have agreed to finance construction and operation of two new solar photovoltaic plants ((PV) in Kenya.
EIB and FMO will each provide USD 53 million for the two projects, with the remainder of the USD 147 million total project cost provided by the project promoters Frontier Energy, David Langat, Chairman of the DL Group of Companies and Ayaz Merali, Managing Director of Paramount Bank.
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