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The African Development Bank (AfDB) on 6 June approved a $29.5m senior loan and a $20m concessional loan from the Climate Investment Funds’ Clean Technology Fund (CTF) for Quantum Power East Africa’s Menengai geothermal project in Kenya. The project is one of three 35MW independent power producers (IPPs) that signed power purchase agreements in 2014. The financing package was approved under the CTF Geothermal Concessional Finance Programme.