KenGen to sign $387m loan from JICA for Olkaria V project
Olkaria I Units 4 & 5 Geothermal Plant. Source: KenGen
Alexander Richter
28 Jan 2016
KenGen announces that it expects to sign a $387 million loan agreement with JICA for its Olkaria V project next month.
Reported this morning from Bloomberg, Kenya Electricity Generating Company (KenGen) has announced it will receive a $387 million loan from the Japan International Cooperation Agency for the construction of the Olkaria V plant.
JICA and KenGen expect the loan agreement to be signed next month.
KenGen expects to issue a tender for the construction of the plant after the loan agreement has been signed. The company expects construction to start in Q3 of 2016, with operations to start by 2018.
The Olkaria V plant is planned in two units with 140 MW of installed capacity each.
More details via link below.
Source: Bloomberg
