Àrgentil Capital Management achieves final closing of clean energy company FMGSL

NIGERIA – Àrgentil Capital Management Limited has announced that it has successfully achieved a financial closing for First Modular Gas Systems Limited (FMGSL), a clean energy company founded by the firm alongside Dharmattan Gas Facilities Limited. This allows FMGSL to drawdown on equity and debt financing to develop its first gas processing plant in Anambra State, Southeastern Nigeria. The total project cost for this first plant is estimated to be US$16 million. The new investment in FMGSL is from the Africa Infra Plus Fund (AIPF), a NGN40.5 billion (US$98.11m) Special…

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