Kenya: Vital Capital invests in Menengai IPP
Issue 395
- 28 Jun 2019
| 1 minute read
Impact investment fund Vital Capital has acquired a 50% stake in the 35MW Orpower Twenty Two geothermal project at the Menengai complex, where financial close is expected in September this year. Vital Capital is already an investor alongside Orpower co-owner Symbion Power LLC in other ventures. The third owner of Orpower is Kenya’s Civicon.The fund’s owners acquired the stake after Israel’s Ormat Technologies gave notice of its intention to leave the project in mid-2018.
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