Lake Turkana to receive EIB loan, AfDB guarantees

The European Investment Bank has started the formal appraisal process for a potential €100m ($135m) loan to the 300MW Lake Turkana wind project in Kenya. The project will also receive further backing from the African Development Bank, which has confirmed to African Energy that it will provide partial risk guarantees (PRGs) to the project and that it is in negotiations with the Kenyan government with an announcement expected later this month.