Project Lake Turkana

Kenya Infrastructure

We are invested in Project Lake Turkana through Interact Climate Change Facility, which is managed by European Financing Partners.

We do not hold direct relationships with the companies that investment funds invest in. Instead, we hold relationships directly with the fund. When investing through investment funds, CDC takes an active role as a limited partner to the fund, working with the fund manager to ensure best practices, including in environment, social and governance matters, and investment management oversight.

Project Lake Turkana is a 310 megawatt wind farm located 12 km east of Lake Turkana in the Great Rift Valley of Kenya (500 km north of Nairobi). The electricity will be generated from 365 Vestas turbines and fed into Kenya’s national grid.

For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa, East Africa
Countries:
Kenya
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

:
Infrastructure
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund:
Interact Climate Change Facility
Fund Manager:
European Financing Partners
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
December 2014
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Kenya