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