Sessional Paper No. 03 of 2011 on Kenya Government Guarantee of a Loan of Japanese yen 29,516,000,000.00 Equivalent to Ksh 33,353,080,000.00 from the Japan International Cooperation Agency (JICA) to the Kenya Electricity Generating Company for Financing the Olkaria 1 Unit Four and Five Geothermal Power Project
Sessional Paper No. 03 of 2011 on Kenya Government Guarantee of a Loan of Japanese yen 29,516,000,000.00 Equivalent to Ksh 33,353,080,000.00 from the Japan International Cooperation Agency (JICA) to the Kenya Electricity Generating Company for Financing the Olkaria 1 Unit Four and Five Geothermal Power Project
Date
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Government of Kenya
Type
Sessional Paper
Series
Sessional Paper;2011
Abstract
With the full support of the Government, KenGen has successfully negotiated for a loan of JPY 29,516 million equivalent to Ksh 33.3 billion from Japan International Cooperation Agency (JICA) to finance Olkaria 1 units four and five geothermal power plant to generate 140MW of electricity. This project is meant to create a conducive investment climate and enabling environment for economic growth in Kenya. The implementation of the project will contribute an additional 140MW to the national power grid.
Description
Keywords
Loan Guarantee, Electricity Supply, Development Finance, Kenya