Kenya seeks transaction advisor for the 140 MW Olkaria VI Geothermal power plant

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Kenya seeks transaction advisor for the 140 MW Olkaria VI Geothermal power plant

The Government of Kenya (GoK) has launched a request for expression of interest (RFEOI) to hire a Transaction Advisor (TA) for the 140 MW Olkaria VI Geothermal power plant.

The proposed project will be developed on land concessioned to Akiira One Ltd. (AOL) adjacent to the Olkaria geothermal fields, less than 100 km outside of Nairobi. The first phase of 40 MW will be followed by additional generation capacity of 100 MW. When finished the new facilities will have a total capacity of 140 MW.

The objective of the TA assignment is to assist KenGen with the tender proces to select a preferred bidder for the design, finance, supply, construction, commissioning, operation and maintenance of the project through a PPP arrangement.

The TA will prepare a feasibility study consistent with the PPP Act, recommend the best PPP model for the procurement, advise KenGen on the optimum risk allocation and the resultant contract structure, develop transaction documents for the procurement and provide transaction advisory support through to financial close of the project.

GoK has received financing from the World Bank towards the cost of the Infrastructure Finance and Public Private Partnerships Project (IFPPP) whose overall development objective is to increase private investment in the Kenyan infrastructure market by improving the enabling environment to generate a pipeline of bankable PPP projects. Part of the proceeds will be used to finance the provision of transaction advisory services for the PPP geothermal power project.

Tender for consultants:

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