Lake Turkana Wind Project Road Dutch Grant
- Référence: P-KE-FZ0-006
- Date d'évaluation: 13/12/1901
- Présentation au conseil: 13/12/1901
- Statut: PipelinePIPE
- Agence d'implémentation: LAKE TURKANA WIND POWER
- Emplacement: KENYA
On July 26 2013, ADB Management submitted to the Dutch Government a proposal for EUR 10 million to provide financing to Lake Turkana Wind Power Project (hereafter refereed "Project") under the general framework of the General Cooperation Agreement between the Bank and the Netherlands, dated 1994. The grant funding will specifically fund the road rehabilitation and construction component of 212 kms of public roads leading to the Lake Turkana Wind Project (Road Works). This Grant funding is a component of the overall financing for the Lake Turkana Wind Project.
The Dutch Government formally approved the EUR10 million Grant Proposal from the Bank on October 21 2013. Management is therefore seeking formal Board approval of the EUR10 million Dutch Grant. This Grant will complete the financing arrangements for the Turkana wind project and is therefore a critical component to reaching financial close.
The project will contribute to the timely implementation of the Wind farm. The Grant funding will allow the road works to start ahead of the actual wind farm construction thereby removing the road construction from the critical path and ensuring that the wind project is completed on time. It will also foster good relations with the local communities ahead of the larger Project related construction activities and harness a spirit of social ownership necessary to mitigate against negative perceptions that could be drawn from such a large power project.
JABBA Rafael Jose -