The program involves the creation of a concessional lending program with CTF funds for co-financing high development impact mitigation projects through the increase in installed capacity of geothermal power in Kenya. CTF funds will be deployed to projects where sponsors and investors face challenges in sourcing sufficient levels of conventional financing with loan terms that support the financial viability of projects. CTF funding will be essential in filling the financing gap of these projects while offering flexible enough and catalytic loan terms that are compatible with the projects’ financial profile and which are currently unavailable in the local market or from other commercial sources.
This project summary is drawn from draft project proposals [such as the PAD, PID, SAR, and country investment plan] and may not contain the most up-to-date information.
Cover Note | Project Document | Proposed Decision | Approved Decision
Approved on March 21, 2016
USD 29.65 million (loan funding)
USD 350,000 (MPIS)