Africa Agriculture 

Kenya: Construction Works of 102 MW Kipeto Wind Farm Complete

The Kipeto job, originally established by Craftskills, a Kenyan designer and minority equity shareholder, will supply the Kenya Power under a 20-year power purchase agreement which was signed back in 2015.

China Machinery Engineering Corporation was originally contracted to perform engineering style, procurement and building of the wind farm at an agreement cost of over USD 212M. Read more

In October 2018 the sole task investor, the United States Federal government’s Overseas Private Investment Corporation (OPIC), along with the project sponsor, Actis, asked for the African Trade Insurance Firm (ATI) to supply a 10-year standby revolving and on-demand insurance coverage cover the project versus the danger of payment hold-ups by the national off-taker. Find out more

In December 2018, Actis LLP got the equity interests of both the IFC and the AIIM to become the biggest investor of the Kipeto wind power task. In the very same year, the project reached monetary close and GE was contracted to supply 60 GE 1.7-103 wind turbines for the farm.

The Kipeto project, originally established by Craftskills, a Kenyan designer and minority equity investor, will supply the Kenya Power under a 20-year power purchase contract which was signed back in 2015.

China Machinery Engineering Corporation was initially contracted to perform engineering style, procurement and building of the wind farm at an agreement rate of over USD 212M. Learn more

In October 2018 the sole job financier, the US Federal government’s Overseas Private Investment Corporation (OPIC), along with the task sponsor, Actis, requested the African Trade Insurance Coverage Firm (ATI) to offer a 10-year standby revolving and on-demand insurance cover the task against the threat of payment hold-ups by the national off-taker. Check out more

In December 2018, Actis LLP acquired the equity interests of both the IFC and the AIIM to end up being the largest investor of the Kipeto wind power project. In the very same year, the project reached financial close and GE was contracted to provide 60 GE 1.7-103 wind turbines for the farm.

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