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Emerging Africa Infrastructure Fund to fund tube mill in Algeria

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  • Emerging Africa Infrastructure Fund to fund tube mill in Algeria


    February 21, 2009 -- It is reported that the Emerging Africa Infrastructure Fund is financing the Olkaria III geothermal power project in Kenya and a steel pipe factory called SPA Maghreb Tubes in Algeria.

    EAIF said that they will be providing USD 22 million financing for two projects.

    Olkaria III is a 48 MW geothermal power plant located in Kenya and the deal is the first privately funded and developed geothermal project.

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