Lake Turkana Wind project receives first disbursement of funds

Following the financial close of Lake Turkana Wind Power (LTWP) on December 11, the project has received the first disbursement of funds pursuant to financing agreements signed in March.

“Reaching this important milestone today caps a year of major achievements by LTWP,” said Mugo Kibati, LTWP’s Chairman of the Board. “This includes signing the financing agreements in March, issuing notice to proceed by KETRACO to the transmission line construction contractor in August, financial close of the LTWP equity partners in September, as well as notices to proceed to LTWP’s contractors in October.”