QPEA GT Menengai Ltd

Menengai Geothermal Project (35MW) - AfDB/TDB/Finnfund Loan

Borrower(s)
QPEA GT Menengai Ltd
Industry
Renewables/Geothermal
Area of finance
Project & Infrastructure Finance
Region
Africa
Africa
Countries
Kenya

Deal Overview

Globeleq has signed financing agreements with the African Development Bank, Finnfund and TDB for the $72 million debt funding for the 35MW Menengai geothermal project in Nakuru County, Kenya.Globeleq, which is owned 70% by British International Investment and 30% by Norfund, is providing equity,...

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Deal Volume
$72m
Financial Close
28/12/2023
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Tranches

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Project Deals

Menengai Geothermal Project (35MW)
$108m
Greenfield
Geothermal
Africa
Africa
Kenya