Client:

African Development Bank / Kenya Geothermal Development Company (GDC)

Country:

Kenya

Partners:

Geologica Geothermal Group, Sichangi Partners Advocates, True North Kenya

Year:

2014–2018

Description:

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.

GreenMax President, Clifford J. Aron, with GreenMax project team members and Kenya Geothermal Development Company staff at the Menengai prospect in Kenya.