Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 119,000,000
    Countries
    Sector(s)
    Kenya : € 119,000,000
    Energy : € 119,000,000
    Signature date(s)
    15/12/2010 : € 119,000,000
    Link to source

    Summary sheet

    Release date
    16 April 2010
    Status
    Reference
    Signed | 15/12/2010
    20090674
    Project name
    Promoter - financial intermediary
    Olkaria I & IV Geothermal Extension

    Kenya Electricity Generating Company Ltd. (KenGen)

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 120 million.
    EUR 1 007 million.
    Location
    Sector(s)
    Description
    Objectives

    Expansion of existing Olkaria I and new Olkaria IV Geothermal power station to increase generation capacity by a further 280 MW (2x70 MW at each of Olkaria I and IV).

    The project will help meet growing electricity demand at a competitive cost and with a limited impact on the environment. Its economic benefits include increased power production, improved security of supply (geothermal power is unaffected by annual hydrological conditions), reduced national dependence on imported fossil fuels for electricity production and additional operational flexibility for existing units at two geothermal power plants.

    Environmental aspects
    Procurement

    An environmental and social impact assessment (ESIA) has been established for both power stations. The studies comprise public consultation and respective monitoring plans. The studies have been approved and respective licenses issued by NEMA (National Environmental Management Authority).

    The Olkaria IV part requires resettlement of several Maasai communities. A Resettlement Action Plan (RAP) has been established, which included the participation of the project affected communities. The execution of the RAP will be implemented according to the WB guidelines.

    Kenyan national law, IDA guidelines (which govern the whole Electricity Expansion Project), EU Directives (2004/17 replacing 93/38) and EIB procurement guidelines require an open tendering procedure with adequate publication for works contracts of this type launched by a public sector company. The promoter will follow these rules and envisages among others a publication of the prequalification notice in the OJEU for the main contracts.

    These procurement procedures are in line with the Bank’s procurement guidelines, are considered adequate for the project and satisfactory to the Bank.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

    Related publications