World Bank approves $180m loan guarantee for KenGen, Kenya

Africa Times

The KenGen project, supported by private sector financing, will build on Kenya’s progress in diversifying its energy sources – including geothermal power – while bringing much needed lower-cost energy to millions of households and businesses.

KenGen today manages 70% of Kenya’s generation capacity of 1,631 megawatts making it one of the largest in East Africa. The project supports KenGen in raising up to $300 million in long-term commercial financing to be used to refinance an expensive portion of KenGen’s existing commercial loans, enhancing KenGen’s credit quality and promoting sustainable development of renewable energy in Kenya.

Fulla article: Africa Times

 

 

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