Saint Helena News Express

Latest Saint Halena News Online

General

Emerging Africa Infrastructure Fund backs 40MW Kesses solar project in Kenya with US$35 million loan

Published by
TDPel Media

The Emerging Africa Infrastructure Fund (EAIF), which is part of the Private Infrastructure Development Group (PIDG) (www.PIDG.org), confirmed its leading position as a provider of debt funding to Africa’s alternative energy generation sector. EAIF has provided a US$35 million loan over a 15-year term to the 40MW Kesses solar generation facility to be built near Eldoret in the Rift Valley region of Kenya. The project will cost a total of US$87 million. The first part of the loan was disbursed to Alten Kenya Solarfarms BV (Alten), the Kenyan business of the Alten Group, in late December 2021. K…

Read More