1 / 4

Envisaged Transaction Structure

CONFIDENTIAL. Development of 560MW Geothermal Project. Envisaged Transaction Structure. Disclaimer:.

Download Presentation

Envisaged Transaction Structure

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. CONFIDENTIAL Development of 560MW Geothermal Project Envisaged Transaction Structure Disclaimer: No part of this report may be circulated, quoted, or reproduced for distribution without prior written approval from KenGen. All the information contained herein was prepared for information only.

  2. 1 OPTION 1: JOINT VENTURE (JV) FRAMEWORK SSA – Steam Supply Agreement PPA – Power Purchase Agreement PRG – Partial Risk Guarantee GoK – Government of Kenya DFIs – Development Financial Institutions SteamSupplier (KenGen) GoK Comfort Letter Explicit Guarantee Long-term SSA Explicit Guarantee World Bank - PRG Operations & Maintenance (O&M)Contractor O&M Contract Special Purpose Vehicle (SPV) Long-term PPA Off-Taker (Kenya Power) EPC Contract Engineer, Procure & Construct (EPC) Contractor Equity (with KenGen portion) Debt Investors • Local • Foreign • Lenders • DFIs • Commercial Banks Source: KenGen; TMO

  3. 2 OPTION 2: ENERGY CONVERSION AGREEMENT(ECA) FRAMEWORK BOOT – Build Own Operate Transfer PPA – Power Purchase Agreement SSA – Steam Supply Agreement Steam Supplier (KenGen) Long-term PPA Explicit Guarantee Explicit Guarantee BOOT Agreement Long-term SSA Energy Converter Off-Taker (Kenya Power) Source: KenGen; TMO

  4. BACKUP…

More Related