Genser Energy secures US$366m to fund new power projects in Ghana

Genser Energy secures US$366m to fund new power projects in Ghana

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GHANA — Genser Energy Ghana Limited (‘GEGL’) has announced that it has successfully achieved financial close for a US$366 million funding package including a new syndicated senior loan facility of USD230m, a mezzanine loan and preference shares. GEGL provides distributed power generation…

U.S. commits US$430m in insurance to support development of Egypt’s natural gas infrastructure

U.S. commits US$430m in insurance to support development of Egypt’s natural gas infrastructure

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EGYPT— Adam Boehler, Chief Executive Officer of the U.S. International Development Finance Corporation (DFC), has announced a commitment to provide US$430 million in insurance to support the development of natural gas infrastructure in Egypt. Boehler made the announcement during a signing ceremony…

Egypt partners with American energy giant Noble Energy to bolster position as regional energy hub

Egypt partners with American energy giant Noble Energy to bolster position as regional energy hub

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EGYPT – Egypt has signed two deals worth $430m with Texas-based Noble Energy Inc., to enhance its position as the regional energy hub for the Middle East and North Africa. The first deal will enable noble energy to pump natural gas through…

Ghana’s Genser Energy gets new investors after Vantage Capital’s exit

Ghana’s Genser Energy gets new investors after Vantage Capital’s exit

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GHANA — Vantage Capital, Africa’s largest independent mezzanine fund, announced that it had successfully exited its $18.5 million mezzanine investment in Genser Energy, a management-owned, independent power producer.  Luc Albinski, Vantage’s co-Managing Partner, commented: “Vantage has realised an excellent return on its…