M a r k e t N e w s

TDB BANK WILL FUND VARIOUS RENEWABLE ENERGY PROJECTS

Posted on : Thursday , 25th July 2019

Trade and Development Bank (TDB), a bank located in Bujumbura, Burundi, aims to invest in renewable energy projects in East Africa. The bank already has a focus on geothermal energy in countries such as Kenya and Ethiopia.

Several self-reliant power producers (IPPs) are currently in discussions with the Trade and Development Bank (TDB), a commercial bank possessed by the Member States of the Common Market for Eastern and Southern Africa (COMESA), the African Development Bank (AfDB) and China. The financial institution has more than 5.2 billion assets on the African continent (2017).
 
“We are looking to finance renewable energy projects to expand our energy portfolio, with a target on geothermal, solar, wind and hydroelectric power,” said Michael Awori, Director of Loan Operations at TDB. He further added saying that the funds currently available come from Exim Bank of China.
 
The TDB already has geothermal projects in its sights, particularly in Kenya. This is the case of Menengai, based in the Rift Valley in the west of the country; developed separately by three IPPs, and which will have 105 MW, namely Sosian Energy, Orpower Twenty-Two and Quantum Power East Africa. The most leading project is that of Sosian Energy.
 
He instructed the Chinese company Kaishan Renewable Energy Development, a subsidiary of Zhejiang Kaishan Compressor, to carry out the project. The company will drill geothermal wells and install pipes to transport steam to run the turbines at the geothermal power plant. This project will produce 35 MW of electricity. The IPPs developing the Menengai geothermal project have signed a power purchase agreement (PPA) with Kenya Power (KPLC), the company that supply the electricity utility.
 
Orpower Twenty Two, Quantum Power East Africa and Sosian Energy are enhancing from a geothermal concession financing programme, set up by the Kenyan government, to extend investment flows from donors such as the African Development Bank (AfDB) and the World Bank to support infrastructure development and renewable energy production projects. The TDB funding proposal is therefore appropriate.
 

Source : www.expogr.com
Featured Companies
  • dubaiexporters.com

Complete List  

Advertisers in previous issue:

  • Pumping solutions, a technological potential.
  • BITZER ranks among the leading manufacturers of refrigerant compressors.
  • Manufacturer refrigerated-type air dryer, desiccant air dryer and compressed air in-line filter.
  •  SOVEMA is the worldwide leading supplier of machinery for lead-acid battery production.
  • Hevt Duty Machinery
  • Vrushabh is one of the leading manufacturer and distributor of Conveyor Belts, Transmission Belts, Elevator Belts, PVC Belts.
  • Air Conditioning Hire
  • Prisma s.r.l. is an industrial reality, qualified in the study and the production of automatic doors for lift.
  • At A J Charnaud & Co (Pty) Ltd we are committed to the safety & satisfaction of our customers
  • Speco Ltd. is the leading manufacturer & supplier of Asphalt Mixing Plant, Concrete Batching Plant, Crushing Plant & Optimized Integrated Flue Gas Treatment System.
  • Lavorwash is a world-leader in manufacturing high pressure cleaners and vacuum cleaners for household and professional use.
  • Bakery Equipment, Flour Mill, Bread Improver, Dried Fruit Processing machine
  • Shenzhen City, Riland Industrial Co., Ltd. is China
  • Manufacturing and marketing "aira" brand Valve Automation Products
  • Industrial  machinery
  • Leading manufactures and expoters of the electronic products
  • Manufacturer & Trader of coil winding machines, toroidal coil winding machines, wire bunching machines, complete winding solution
  • Suppliers of generators for every application
  • A world class Rotary Gear Pumps for effective pumping and trasfer of all viscous & semi-viscous liquid like oils, chemicals, food products and more..
  • Catering for the most varied industrial storage requirements.
  • A world leading name in Heat Transfer Technology
  • Seco actively contributes to improving your productivity and competitiveness in metal cutting machining.
  • Manufacturers & Exporters of hand tools, garden tools & leatheer tool pouches.
  • Specialty and Custom Chemicals Exhibition
  • Manufacturer of extrusion lines,extruders and down stream equipment.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2019 Afrotrade