The
first
disbursement
of
approximately
$90m
under
the
10-year
project
finance
loan
is
expected
to
occur
within
the
next
two
weeks.
Commercial
operation
of
the
second
phase
expansion
began
in
January
and
added
35
MW,
bringing
the
project
to
its
target
capacity
of
48
MW.
The
project
currently
accounts
for
6%
of
Kenya's
total
energy
production.
Electricity
generated
is
sold
to
Kenya
Power
&
Light
Company
under
a
20-year
Power
Purchase
Agreement.
The
financing
was
arranged
by
Germany’s
Deutsche
Investitions-
und
Entwicklungsgesellschaft
mbH,
or
DEG.
Kenyan
Vice
President
H.E.
Kolonzo
Musyoka
said
the
Olkaria
III…
