The plant will add to the capacity already provided by a 12 MW plant built during Phase 1, which MIGA insured in fiscal 2000, and will help alleviate the problem of severe power shortages from which the country suffers. OrPower 4 Inc. involves the design, construction and operation of a 48 MW geothermal power plant, located in the Olkaria geothermal fields, in Kenya's Rift Valley, some 50 kilometers north-west of Nairobi. Additionally, MIGA increased coverage on Phase 1 of the plant, insured by MIGA in fiscal year 2000, by $11.5 million. 1998 … Fragile and Conflict-Affected Settings (FCS), Currency Inconvertibility and Transfer Restriction, Nakheel Palestine for Agricultural Investment. The Company offers geothermal, recovered energy, management, and storage solutions. Increased power supply is expected to contribute to economic growth in rural areas, thereby reducing migration to urban areas and the cities. The expanded guarantee covers both the first phase of the project and the investor’s additional investments of $50 million for the second phase. ORPOWER 4 INC has 125 employees at this location and generates $15.83 million in sales (USD). MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more. OrPower 4serves customers worldwide. Situated in a rural area with high unemployment and under employment, the project is expected to employ 44 people for operations and up to 700 full and part-time workers during the construction. ORPOWER 4 INC is located in Naivasha, Kenya and is part of the Electric Power Generation Industry. Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives. Plant 1 is 48MW and Plant 2 and 3 are each 36MW. This is a major achievement for Ormat who did not believe they could obtain this capacity when they were issued with the licence in mid 90s. The project is designed to alleviate the severe power shortages that have hampered economic growth in Kenya. Only about 15 percent of the total population in the country has access to electricity, with frequent blackouts and a large number of customers awaiting connections. Fragile and Conflict-Affected Settings (FCS), Currency Inconvertibility and Transfer Restriction. © 2008-2020 by KenyaPlex.com. This project meets several of MIGA’s priorities as it supports a South-South investment in the power sector in an IDA-eligible country in sub-Saharan Africa. MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more. The project utilizes indigenous geothermal fuel resources, thus lowering Kenya’s dependence on imported thermal energy. Other benefits include avoidance of greenhouse gas emissions. Orpower 4 Inc. at OFF MOI SOUTH LAKE ROADNAIVASHAKENY NAIVASHA 700 1566 - 2 KENYA. Orpower 4 inc, a subsidiary of Ormat Technology has now commissioned its Plant 3 achieving a total installed capacity of 110MW at Olkaria III site in Kenya. Explore different types of political risk insurance guarantees provided to investors and lenders. The project will play an important role in achieving greater reliability, security, and stability of power within the national grid, and will reduce the dependence on imported thermal energy, thereby having a positive impact on the balance of payments. Report this profile; Experience. This issuance replaces an earlier guarantee issued by the agency to cover investments into the first phase of the project only. So, it's like work and pay; you work and get your money and then use a small amount to pay for the machine. Explore global projects that support economic growth, reduce poverty and improves people’s lives. Approximately 80 percent of goods and services will be procured locally. OrPower 4 will also help reduce Kenyas heavy dependence on hydroelectric power. MIGA has provided Ormat Holding Corp. of the Cayman Islands, a wholly owned subsidiary of Ormat Industries Ltd. of Israel, with a $70 million guarantee to cover its equity investment and shareholder loan totaling $171 million, in OrPower 4 Inc. in Kenya, as well as future loans to the project. The coverage is for up to 15 years and covers the risks of war and civil disturbance, transfer restriction, and expropriation. P.O Box 64601 - 64601, 6th floor, Town House, Kaunda Street, Nairobi Explore global projects that support economic growth, reduce poverty and improves people’s lives. All Rights Reserved | Home | About Us | Contact Us | Copyright | Terms Of Use | Privacy Policy | Advertise, Kenya Power and Lighting Company Limited, Nairobi, Kenya Electricity Generating Company Limited (KENGEN), Nairobi, Gallagher Power Fence Systems Limited, Nairobi, 'A' Team (Akshar Team Security Limited), Nairobi, Danjamu Electrical Sales and Services, Nairobi, Silver Star Manufacturers Limited, Nairobi, Youth Educational Support International, Nairobi, Educational Scient and Tech Equip Company Limited, Nairobi, Cyber School Technology Solutions Limited, Nairobi. Orpower 4, Inc. University of Nairobi. The project will reduce Kenya’s exposure to fossil fuel price fluctuations—especially relevant in the light of current fuel prices of around $100 per barrel. Explore different types of political risk insurance guarantees provided to investors and lenders. © 2012-2020 Multilateral Investment Guarantee Agency, All Rights Reserved. There will be a significant transfer of skills and technology. They gave us brand-new machines and we paid a litte bit every month. In December 2007, MIGA issued a guarantee of $88.3 million to Ormat Holding Corp., a Cayman Islands-registered subsidiary of Ormat Technologies, Inc., for its $98.1 million equity investment in OrPower 4, Inc. in the Republic of Kenya. D&B Hoovers provides sales leads and sales intelligence data on over 120 million companies like ORPOWER 4 INC around the world, including contacts, financials, and competitor information. Project Supervisor SPSL. Assistant Orpower 4, Inc. 2000 – 2009 9 years. The plant is situated in a rural area with high unemployment rates, and is expected to hire up to 200 new full-time employees and possibly up to 500 part-time employees during the construction period for the second phase. With some 70 percent of the 1,000 MW installed capacity being hydroelectric, Kenya's national power production was severely curtailed during the three-year drought that ended in 2001. Geothermal power is a clean, renewable, and low-cost source of energy, and Ormat will bring to the project its experience in this area, as well as state-of-the-art geothermal technology. Find all details and contact information for Orpower 4, Inc, Naivasha,Naivasha. Admin. Find their customers, contact information, and details on 2 shipments. In December 2007, MIGA issued a guarantee of $88.3 million to Ormat Holding Corp., a Cayman Islands-registered subsidiary of Ormat Technologies, Inc., for its $98.1 million equity investment in OrPower 4, Inc. in the Republic of Kenya.

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