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Wealth and Investment

Kipeto Energy Limited, USD300m, Advisory & Arrangement Mandate

31 Dec 2018

Country
Kenya
Year
2018
Sector
Power and Infrastructure
Business Unit
Investment Banking
Specific Role
Advisory and Arrangement Mandate
Stanbic had an advisory mandate to provide overall transaction execution management along with developing the financial structure of the project and a financial model to assess the cost of alternative financial structures.

Stanbic had an advisory mandate to provide overall transaction execution management along with developing the financial structure of the project and a financial model to assess the cost of alternative financial structures. In addition, Stanbic also assisted in the purchase agreement negotiations, the preparation of the Information Memorandum and the negotiation of project documentation required for their financial year-end. 

With a generation capacity of 100MW of clean, renewable electrical energy, the project will be the second largest wind power project in Kenya. 
 
The Kipeto Wind Power project will play a crucial role in enabling Kenya to achieve its Vision 2030 objectives and Big Four Agenda. The African Trade Insurance Agency will provide a 10-year standby revolving and on-demand insurance cover to protect the project against the risk of payment delays by the national off-taker. 
 
Kipeto Energy Limited Company (KEL) is a special purpose vehicle incorporated in Kenya for the development of the Kipeto Wind Power Project. It is situated in Kajiado County, South West of Nairobi.
 
Standard Bank Corporate and Investment Banking is committed to driving real progress in Africa.