Olkaria III is a geothermal power station in Kenya. DEG arranged the complete debt financing required for the extension of the power station to the amount of 105 million US-dollars, which several financing institutions contributed funds to. Together with KfW Entwicklungbank, DEG provided the owner and operator, Orpower 4 Inc., with a long-term loan of 40 million US-dollars. Thanks to the financing arranged by DEG, the capacity of Olkaria III could be increased from 13 to 48 megawatts so that three and a half times the amount of electricity can be generated.

Resource-saving power generation is becoming more and more important, not least against the background of climate change. This also – and particularly – applies to developing countries. That is why DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH together with KfW Entwicklungsbank (KfW Development Bank), provides Orpower 4 Inc. (Orpower), the owner and operator of the Olkaria III geothermal power plant in Kenya, with a long-term loan to the amount of 40 million US-dollars.

Furthermore, DEG structured and arranged the complete debt financing of 105 million US-dollars. With this project, DEG and KfW support the utilisation of renewable energy in a focus country of the German development cooperation, thereby making a significant contribution to climate protection. Additional lenders include EFP - European Finance Partners, a financing vehicle of 13 European Development Finance Institutions (EDFIs) and the European Investment Bank (EIB), Emerging Africa Infrastructure Fund (EAIF), and the European development finance institutions Proparco (France) as well as FMO (Netherlands).