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Kenyans could see a decrease in the cost of electricity with the Government set to adopt local currency-based tariffs for power purchase agreements. The move follows the completion of a study on the availability and viability of local financing for infrastructure projects in the energy sector.
GuarantCo Limited, an international Joint Venture development financial institution, is directly and indirectly owned by five highly rated sovereigns.
London 21 December 2016 - The unique emerging markets currency guarantee firm GuarantCo announces management reshuffle which will coincide with an office opening in Singapore.
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On Monday, GuarantCo (A1 stable) confirmed that it had received an AUD4 million capital investment from the Australian government’s (Aaa stable) Department of Foreign Affairs and Trade (DFAT). Although the contribution is small relative to GuarantCo’s existing shareholder equity, the broadening of GuarantCo’s shareholder base is credit positive and supports its expansion into Asia. GuarantCo is a supranational organization that transfers risks by providing partial financial guarantees to lenders and investors in lowincome countries financing infrastructure projects in local currency.
LOCAL CURRENCY-DENOMINATED TARIFFS FOR KENYAN POWER PURCHASE AGREEMENTS