Athi River Medium Speed Diesel (MSD) Power Plant (81MW)
Sector: Commercial • Location: Eastern, Kenya
Source: World Bank Group
The financing will be used for development of a Medium Speed Diesel (MSD) power plant, located in the Athi River area, about 25km from the Nairobi city in Kenya. The plant has a total installed capacity of 81MW and will consist of 10 x 9.0 MW medium speed diesel (MSD) units type 18V32/40 manufactured by ZGPT-MAN of China. Sponsor is Triumph Power Generating Company. The sponsor will enter into a 2
- Status
- Prospective
- Sector
- Commercial, Manufacturing (Industrial), Power Generation (CCGT), Government
- Location
- Eastern, Kenya
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The financing will be used for development of a Medium Speed Diesel (MSD) power plant, located in the Athi River area, about 25km from the Nairobi city in Kenya. The plant has a total installed capacity of 81MW and will consist of 10 x 9.0 MW medium speed diesel (MSD) units type 18V32/40 manufactured by ZGPT-MAN of China. Sponsor is Triumph Power Generating Company. The sponsor will enter into a 20-year power purchase agreement with Kenya Power and Lighting Company. Standard Bank and the Industrial and Commercial Bank of China (ICBC) arranged the $108 million debt financing package. Standard Bank provided $28 million while ICBC supplied the remaining $80 million for the plant. The Multilateral Investment Guarantee Agency (MIGA) is providing US$102.5 million in breach of contract cover to Industrial and Commercial Bank of China and Standard Bank of South Africa for their long-term commercial financing to Triumph. In addition, MIGA is providing US$11.1 million in coverage to CfC Stanbic Bank Limited covering its swap arrangement with Triumph to hedge against long-term interest rate risk. |
Original sector | Energy |
Budget |
Location
Country | Kenya |
State | Eastern |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Commercial, Manufacturing (Industrial), Power Generation (CCGT), Government |
Article published date | 2024-05-24 |
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