News

Rabai Power Project in Kenya awarded African Power Deal of the Year

The Rabai Power Project in Kenya was recently awarded African Power Deal of the Year by Project Finance Magazine. This project comprises the development, construction and management of a 90 Megawatt thermal power plant in Kenya. Investments amount to  EUR 120 mln. FMO played an important role in the realization of this transaction. The Dutch development bank is a 20% shareholder and issued a loan worth EUR 19,75 mln. Other investors are bilateral financial institutions DEG and Proparco, as well as the Emerging Africa Infrastructure Fund.

For more information, go to: http://www.pfie.com

The Netherlands Development Finance Company (FMO) is the international development bank of the Netherlands. FMO invests risk capital in companies and financial institutions in developing countries. With an investment portfolio of € 3.4 billion, FMO is one of the largest bilateral development banks worldwide. Thanks in part to its relationship with the Dutch government, FMO is able to take risks which commercial financiers are not - or not yet - prepared to take. FMO's mission: to create flourishing enterprises, which can serve as engines of sustainable growth in their countries.

Press contact:

Nicoline van Slingelandt

Communications Officer (PR)

T: +31 70 314 9790

M: +31 622 563 047

E: n.van.slingelandt@fmo.nl