Malindi solar photovoltaic power plant, Kenya
Name of the Project
Malindi solar photovoltaic (PV) power plant.
Location
The project is located in south-east Kenya.
Project Owner/s
The project will be led by Malindi Solar Group, a company established by Globeleq, which is 70%-owned by Commonwealth Development Corporation (CDC) and 30% by Norfund.
Project Description
The project involves the construction of a 52 MWp solar PV plant. The project will provide power for the Kenya Power & Lighting Company under a 20-year agreement.
Potential Job Creation
Not stated.
Capital Expenditure
The CDC is set to invest $66-million in the project. The funds will be a loan refundable over 16 years.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Globeleq, tel +44 203 823 5500 or email info@globeleq.com.
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