KTDA Small Hydro (IFC-36402)

Countries
  • Kenya
Geographic location 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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 11, 2015
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
KTDA Power Company Limited
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
  • Energy
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. 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, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 26, 2019

Disclosed by Bank Sep 16, 2015

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed 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
Here you can find a list of individual development financial institutions that finance the project.

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
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

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

ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

How it works

How it works