Malindi solar photovoltaic power plant, Kenya

5th July 2019

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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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.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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