Wind power project looking for an investor

Wind power project looking for an investor

 

Geography: Kenya

Sector: Wind power Energy

Amount : USD 80 Million

 

  • The project has a PPA for 10MW wind power generation, the land also already acquired and a   weather station running on site plus few other inputs.site visit can be arranged.
  • They requested for an upgrade to 30MW which was awarded last year January.
  • They have a power generation license for 30MW.
  • The negotiations for the 30MW PPA for the additional MW is ongoing.
  • They need USD $ 80m and have so far invested USD $ 12m.
  • They have all the designs and feasibility studies ready.
  • The EPC on board is a Chinese company but they are using all equipment and technology from  Europe (Gold wind technologies and vesial) they have been involved in the engineering & designs.
    The project sponsor is giving   a share   of  70% PPA control to the investor until the money is repaid in full and also a 30% equity stake in the company for the amount invested.
  • There will be a tax exempt period of 10years so it will be possible to repay the funds in the same period.
  • The project sponsor has no room for any upfront fees as he is only waiting for a suitable investor so that negotiations for the 30MW PPA can be completed and the project construction starts,  however the 10MW can start any time the investor has a deal with the project owner as they wait to finalize on the additional 20mw PPA.5

Kindly for more information contact our team at info@princelinkventures.com call +254204409832 or follow the link to register online. http://www.princelinkventures.com/index.php/2014-07-22-15-15-27/looking-to-invest

 

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