African Development Bank approves €115 Million loan for Turkana wind project in Kenya

The Lake Turkana Wind Power Project involves the construction and operation of a 300 MW wind farm.

To secure the investment from AFDB, the Kenyan Government has agreed to construct a 428-km transmission line which will move power from the project site to the national grid. Investment for this was reportedly secured from the Spanish Government.

The project, which will reportedly be the largest wind power project in Africa, will complement other development currently underway, including Thika Thermal Project and Menengai Geothermal Power.

A long time in planning, development will be implemented by Lake Turkana Wind Power, a special purpose vehicle, created in September 2006. The group of investors includes Kemperman Paardekooper & Partners Africa, Aldwych International Ltd., the Investment Fund for Developing Countries of Denmark, Norfund, and Vestas Wind Systems AS.

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