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Private Infrastructure Development Group
Martijn Proos, director of Ninety One, managers of Emerging Africa Infrastructure Fund, writes on project finance for infrastructure in emerging economies being one of the central issues of the upcoming COP26 agenda.
Côte d’Ivoire has secured $34 million from the Emerging Africa Infrastructure Fund, which will go towards building a 44MW hydroelectricity generation plant. The new plant will be developed by an IPP.
The International Finance Corporation (IFC) and the government of Niger have announced that they will be developing up to 50MW of grid-connected solar power. The power generated will be equivalent to roughly 20% of the country’s installed capacity.
Madagascar’s state utility Jirama has announced plans to extend the capacity of Ambatolampy solar PV power plant as well as add battery storage.
Moyi Power, a consortium led by Gridworks and including Eranove and AEE Power, has signed three concession agreements that will see the company develop, build and operate three large-scale solar hybrid off-grid utilities in the DRC.
The Djermaya solar project, represented by its majority shareholder InfraCo Africa, recently signed a 25-year power purchase agreement with the Ministry of Energy and SNE, the national power utility company. This contract marks a key step...