MIGA BACKS KENYA GEOTHERMAL PROJECT
October 1st, 2010
BY KEITH NUTHALL
THE MULTILATERAL Investment Guarantee Agency (MIGA), of the World Bank, has increased its coverage of OrPower 4 Inc.'s power plant in Kenya's Olkaria geothermal fields by US dollars USD110 million, up from USD24 million. MIGA is covering the plant against transfer restriction, expropriation, war and civil disturbance. It is the first privately-operated geothermal power plant in sub-Saharan Africa.
ENDS
THE MULTILATERAL Investment Guarantee Agency (MIGA), of the World Bank, has increased its coverage of OrPower 4 Inc.'s power plant in Kenya's Olkaria geothermal fields by US dollars USD110 million, up from USD24 million. MIGA is covering the plant against transfer restriction, expropriation, war and civil disturbance. It is the first privately-operated geothermal power plant in sub-Saharan Africa.
ENDS
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