KTDA Small Hydro (IFC-36402)

  • Kenya
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 11, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
KTDA Power Company Limited
The holder of the loan, grant, or other investment.
  • Construction
  • Energy
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 86.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 26, 2019

Disclosed by Bank Sep 16, 2015

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Project Description

This project finances the design, construction, operation, and maintenance of 7 run-of-the-river small-hydropower plants with a total installed capacity of 16MW at various locations in Kenya.

Investment Description

This project is being developed by KTDA Power Company Limited (KTDA Power), a wholly owned subsidiary of Kenya Tea Development Agency Holding Limited (KTDA), both of which are domiciled in Kenya. Each of the seven small hydropower plants will provide captive power generation for KTDA’s tea factories, and will sell any excess to the state-owned utility company, Kenya Power and Lighting Company. KTDA is a public limited liability Kenyan holding company, is wholly owned by 54 Tea Companies, which own 66 tea factories. As of June 31, 2015, there were approx. 560,000 smallholder tea farmers who are individual shareholders in the 54 Tea Companies. Individual farmers' shareholding in their respective Tea Companies is commensurate to the volume of their green leaf tea deliveries. Each Tea Company owns between 1-2% of KTDA. KTDA emerged from the privatization of the Kenya Tea Development Authority in 2000. The Kenya Tea Development Authority was established in 1964 as a government parastatal charged with promoting and fostering the development of tea for the small-scale tea growers primarily through providing factory management services. KTDA is an existing client of IFC and also the sponsor and guarantor of the proposed project. KTDA Power was established in 2010, as a wholly owned subsidiary of KTDA, with a mandate to implement the small hydropower projects as well as all other energy related KTDA projects.

Contact Information

Lucas G. Maina
General Manager
KTDA Power Company Ltd
KTDA Farmers Building, Moi Avenue Street
P.O. Box 30213 GPO00100 Nairobi
Tel: +254 20 322 7929/51
Fax: +254 20 221 1240

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