Market Development
Transaction Advisory for Menengai Geothermal Prospect Development
GreenMax led a consortium as Lead Transaction Advisor to Kenya’s GDC to support development of 460 MW of geothermal power at the Menengai prospect.
Duration
Jan 2014 - Dec 2018
Service Areas
Transaction Advisory
Countries
Kenya
Client(s)
- African Development Bank
- Kenya Geothermal Development Company
Partners
- Geologica Geothermal Group
- Sichangi Partners Advocates
- True North Kenya
GreenMax led a consortium as Lead Transaction Advisor to Kenya’s GDC to support development of 460 MW of geothermal power at the Menengai prospect.
From 2014-2018, GreenMax led a consortium that was engaged as Lead Transaction Advisor to Kenya’s Geothermal Development Company to support development of 460 MW of geothermal power at the Menengai prospect. Under the four-year contract, the GreenMax team was tasked with confirming the resource and environmental management plans, designing viable steam sales and electricity sales tariffs, advising on a workable organizational and financing structure and engaging private IPP investors to promote steam-field development at Menengai and subsequent prospects to be exploited. The first phase of geothermal development at Menengai (105 MW) received more than USD 500M of total investment.
