Okavango Kenya Mauritius Limited (BNDES-OKAVANGOLTD)

Countries
  • Kenya
Where the impacts of the investment may be experienced.
Financial Institutions
  • Brazil National Development Bank (BNDES)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
A
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.
Borrower
Okavango Kenya Mauritius Limited
The holder of the loan, grant, or other investment.
Sectors
  • Energy
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, etc.
Investment Amount (USD)
$ 87.63 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)
$ 320.19 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 @ BNDES website

Updated in EWS Aug 2, 2019

Disclosed by Bank Dec 20, 2018


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Project Description

Kipeto will develop, construct and operate a 100 MW wind farm located in Kajiado, Kenya. Kipeto will sell power to the national distributor and sole grid-connected purchaser, Kenya Power & Lighting Company under a 20-year PPA. The Project will provide up to 460GWh of electricity to the grid annually.

Investment Description
  • Brazil National Development Bank (BNDES)

Equity and principal and interest due under a shareholder loan of up to $87,627,000 in initial principal amount.

Contact Information

No contact information provided at the time of disclosure.