[2] Kaptis Power Station is an independent power project, under development by a consortium comprising (a) Tembo Power, based in Ebene, Mauritius (b) Metier Private Equity International, a company based in Sandhurst, Gauteng, South Africa and (c) WK Construction, a South African engineering and construction company, based in Johannesburg.

The consortium that is developing the power station, also owns it, as outlined in the table below.

[3] The run-of-the-river hydroelectric power plant is budgeted to cost US$44 million.

[4] In April 2020, it was announced that the US$30 million loan would be provided jointly by the Finnish Fund for Industrial Cooperation Limited (Finnfund) and Ninety One SA (formerly Investec Asset Management), a subsidiary of the Emerging Africa Infrastructure Fund (EAIF).

[1] It is anticipated that the project will reach financial close and construction will begin in the fourth quarter of 2020.