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A.P. Møller Capital acquires Kenyan power plant

A.P. Møller Capital has made its first investment in Kenya in the form of Iberafrica Power of 52.5 MW. A South African company has previously attempted to buy the plan for EUR 54 million (DKK 400 million).

Photo: Jens Hartmann Schmidt

A.P. Møller Capital has added another significant element to its portfolio of African infrastructure.

This time, it's Kenyan thermal power plant Iberafrica Power of 52.5 MW, which A.P. Møller Capital has acquired from Naturgy. It's the first time that the private equity firm makes an acquisition in Kenya.

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