InfraCo Africa, a multi-government funded, privately managed company providing early stage development capital and expertise to develop infrastructure projects in sub-Saharan Africa.
The company acts as an ‘honest broker’ seeking to create viable infrastructure investment opportunities that balance the interests of host governments, the national and international private sector and providers of finance.
Last year, InfraCo Africa committed funding to five new projects which were quite significant on the continent. The projects which are:
Western Power Company (Zambia), the project develop a 40-80MW run-of-river hydropower project in Zambia’s Western Province and will invest up to US$5m in funding for the external studies, offtake and lender negotiations, procurement activity and other work required to ensure the project reaches Financial Close.
Corbetti Geothermal (Ethiopia), the project which US$15 million in funding was to develop up to 70MW of geothermal power in Ethiopia over the next four years. The project is reportedly situated on a greenfield site, prove a new geothermal resource, be the first IPP in Ethiopia, and amongst the first private sector geothermal plants in sub-Saharan Africa.
Pavua Hydropower (Mozambique), a 120MW hydropower plant in Mozambique and will invest up to US$8m to take the project from inception to Financial Close. Mozambique is vulnerable to climate change, experiencing frequent floods and droughts that, coupled with power deficits, are constraining its economic development.
Djermaya Solar (Chad), a 30MW Solar PV plant in Chad. InfraCo Africa is reported to invest up to US$3m to fund development through to Financial Close. The Djermaya project will be developed in two phases, with the first 30MW intended to be operational by 2017. This pioneering project will be both the first commercial-scale solar PV plant and the first IPP in Chad.
Redavia (Tanzania), InfraCo Africa was to use US$5m to fund the growth phase of a solar photovoltaic rental business in Tanzania.
InfraCo Africa is starting 2016 with a strong pipeline of projects and will maintain its focus on providing the funding and expertise required to ensure that these projects progress through to construction. With these projects in 2015, the company is indeed a strong partner of Africa in Infrastructural development.