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MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

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Explore different types of political risk insurance guarantees provided to investors and lenders.

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Explore global projects that support economic growth, reduce poverty and improves people’s lives.

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Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

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World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Our Impact Dropdown Description

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Our Products Dropdown Description

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Projects Dropdown Descriptions

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

South Africa

South Africa Mainstream Renewable Power Khobab Wind (RF) Pty Ltd; Loeriesfontein 2 (RF) Pty Ltd; Noupoort (RF) Pty Ltd; Kangnas (RF) Pty Ltd; and, Perdekraal East (RF) Pty Ltd

$121.2 million
Power
Project Brief
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Project Description

On June 6, 2018 & December 29, 2017, MIGA issued guarantees totaling US$121.2 million to Lekela Power BV of Netherlands for its equity and shareholder loan investments into five wind farm projects in South Africa against the risks of Expropriation, Transfer Restriction and Inconvertibility, Breach of Contract, and War and Civil Disturbance for up to 15 years.

The wind farm projects will have a collective generation capacity of 610 MW and were selected as preferred bids during the third and fourth rounds of the South African Renewable Energy Independent Power Producers Procurement Program (REIPPPP).

Environmental Categorization

The project is a categorized as A under MIGA’s Policy on Environmental and Social Sustainability. Click here for the Project’s Environmental and Social Review Summary.

Development Impact

The Projects, which leverage private capital to support over 600 MW of clean energy, will directly advance the objectives of the South Africa’s 2030 National Development Plan, by increasing the availability of energy in the country, creating the conditions for inclusive growth and development. The projects also have a long-term commitments to advancing social development, by reinvesting a portion of revenue into the communities local to the wind farms.

The Project is also in line with MIGA’s strategy which emphasizes supporting investments that address climate change.

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