Fieldstone Africa CEO Jason Harlan (left) with senior representative Catherine Adeya-Weya. PHOTO | DIANA NGILA
A South
Africa-based energy and infrastructure projects adviser has opened its
East Africa headquarters in Nairobi seeking a share of growing
opportunities in the regional renewable energy sector.
Fieldstone Africa, which last year advised on the financing of Sh252 billion ($2.5 billion) worth of infrastructure projects in Africa, seeks to ride on its physical presence in Nairobi to bag big-ticket private and government projects in the region.
The entry of the consultancy firm strengthens Nairobi’s profile as an investment destination that hosts regional offices for multinational giants like Honeywell, IBM, Atkins, Google and Samsung.
“We believe the East Africa market is buoyant and offers us a lot of opportunities, thus our decision to open our regional offices,” the company chief-executive Jason Harlan said during the launch.
He cited Nairobi’s competent human resource base as one of the key positives alongside increased activity in the solar, wind and geothermal energy sector in the region.
Kenya aims to expand its installed energy capacity to over 6,000 megawatts (MW) by 2020 up from the current 2,333 MW by constructing additional geothermal plants, solar and wind farms alongside a coal plant.
BASED IN WESTLANDS
The new office is based in Westlands and is set to inject fresh impetus in the company’s operations in the local market where it recently booked lucrative deals.
The firm was the transactional advisor of Google’s acquisition of a 12.5 per cent equity stake in the ongoing Lake Turkana Wind Power project, the largest in Africa, last year for Sh4 billion.
The wind farm will generate 310 MW upon completion in July next year and is based in the northern Kenyan town of Marsabit.
Fieldstone’s services were also sought when Uganda’s utility firm, Umeme Ltd, cross-listed on the Nairobi Securities Exchange (NSE) in December 2012.
Its corporate advisory services include project financing, mergers and acquisition, creation of capital and debt, asset management and export credit assistance.
Its focuses on energy projects, transport and infrastructure, utility networks, mining and off-grid technologies.
The Nairobi office is the second in Africa after the one in Johannesburg. Fieldstone’s other offices are in London, Berlin, Kuala Lumpur, New York and Hyderabad in India.
“We are here in Nairobi to move things forward; to be a catalyst for increased infrastructure projects,” said Mr Harlan.
The firm last year bagged lucrative contracts as transactional adviser for mega power projects such as the Sh11.9 billion ($118 million) solar power plant in South Africa –a 75 MW project developed by Sonnedix and Mulilo.
Fieldstone Africa, which last year advised on the financing of Sh252 billion ($2.5 billion) worth of infrastructure projects in Africa, seeks to ride on its physical presence in Nairobi to bag big-ticket private and government projects in the region.
The entry of the consultancy firm strengthens Nairobi’s profile as an investment destination that hosts regional offices for multinational giants like Honeywell, IBM, Atkins, Google and Samsung.
“We believe the East Africa market is buoyant and offers us a lot of opportunities, thus our decision to open our regional offices,” the company chief-executive Jason Harlan said during the launch.
He cited Nairobi’s competent human resource base as one of the key positives alongside increased activity in the solar, wind and geothermal energy sector in the region.
Kenya aims to expand its installed energy capacity to over 6,000 megawatts (MW) by 2020 up from the current 2,333 MW by constructing additional geothermal plants, solar and wind farms alongside a coal plant.
BASED IN WESTLANDS
The new office is based in Westlands and is set to inject fresh impetus in the company’s operations in the local market where it recently booked lucrative deals.
The firm was the transactional advisor of Google’s acquisition of a 12.5 per cent equity stake in the ongoing Lake Turkana Wind Power project, the largest in Africa, last year for Sh4 billion.
The wind farm will generate 310 MW upon completion in July next year and is based in the northern Kenyan town of Marsabit.
Fieldstone’s services were also sought when Uganda’s utility firm, Umeme Ltd, cross-listed on the Nairobi Securities Exchange (NSE) in December 2012.
Its corporate advisory services include project financing, mergers and acquisition, creation of capital and debt, asset management and export credit assistance.
Its focuses on energy projects, transport and infrastructure, utility networks, mining and off-grid technologies.
The Nairobi office is the second in Africa after the one in Johannesburg. Fieldstone’s other offices are in London, Berlin, Kuala Lumpur, New York and Hyderabad in India.
“We are here in Nairobi to move things forward; to be a catalyst for increased infrastructure projects,” said Mr Harlan.
The firm last year bagged lucrative contracts as transactional adviser for mega power projects such as the Sh11.9 billion ($118 million) solar power plant in South Africa –a 75 MW project developed by Sonnedix and Mulilo.
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