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LequteMan
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The Africa Finance Corporation (AFC) has provided a $170 million debt financing facility, with an arrangement that Guaranty Trust Bank(GTB) underwrite the loan, for the acquisition of Jebba Power Station and Kainji Power Station by Mainstream Energy Solutions Limited (MESL).
In the agreement which was signed during the weekend, GTBank acted as mandated lead arranger while AFC acted as co-mandated lead arranger.
The two power stations are owned by Kainji Hydro Electric which is one of the 18 unbundled successor companies of the Power Holding Company of Nigeria Plc, which was awarded to MESL under the privatization process and incorporates the right to design, construct, operate and maintain the two power plants.
source: http://www.ngrguardiannews.com/busi...ion-financing-pact-for-kainjis-privatisation-