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Lihanda SHP
Country | Kenya |
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Sector | Renewable energy, Rural electrification and energy access |
Technology Area | Hydro |
Stage | Greenfield Project |
Total fund ask (in $USD Millions) | 10M+ |
Security / preferred instruments | Straight equity, Senior debt, Grant |
The Hydropower station is based in Siaya, Western Kenya. River Yala is the source river and the plant will operate on run-of-the-river technology. With an installed capacity of 3.34MW, the projected annual energy yield is estimated at over 20 million kWh. This power shall be evacuated to the national grid.
Under a design, build, finance, and maintain (DBFM) structure, a joint venture between the project’s developers and investors shall be formed. This arrangement will provide a basis for equity partners to take up shares in the special purpose vehicle (SPV) and secure proportionate board representation. A Shareholders Agreement shall be executed by the parties to formalize the arrangement and introduce governance structures. A competent management team shall be recruited by the SPV’s board.
Under a design, build, finance, and maintain (DBFM) structure, a joint venture between the project’s developers and investors shall be formed. This arrangement will provide a basis for equity partners to take up shares in the special purpose vehicle (SPV) and secure proportionate board representation. A Shareholders Agreement shall be executed by the parties to formalize the arrangement and introduce governance structures. A competent management team shall be recruited by the SPV’s board.