EIB with $80 million financing for Olkaria I unit 6 under appraisal
The European Investment Bank (EIB) has a $80 million financing package for the Olkaria I unit 6 expansion by KenGen in Kenya under appraisal.
The European Investment Bank (EIB) is considering taking part in the financing of an additional unit to the Olkaria I geothermal power plant by KenGen in Kenya.
The project consists of the extension of the existing 140 MW Olkaria I Unit 4 & 5 geothermal power plant with an additional 70 MW turbine (Unit 6), the necessary wells, steam-gathering system and interconnection facilities.
The proposed EIB financing currently under appraisal is EUR 72 million ($80 million) of the total project cost of EUR 288 million ($316 million)
Further details via the link below.
Source: EIB appraisal announcement