Perspective
24 October 2013
Kenya’s Triumph Power signs debt package for power plant
Region:
Middle East & Africa
Standard Bank and the Industrial and Commercial Bank of China (ICBC) have signed a $108 million debt financing package with Triumph Power generating Company Kenya for the construction of an 83MW heavy fuel oil plant in the East African nation. The project has also secured bespoke political risk guarantees from the World Bank's Multilateral Investment Guarantee Agency (MIGA).
