Energy firm GreenCo floats tender for 40MWp solar plant in Zambia

ZAMBIA – Energy provider GreenCo Power Services, a subsidiary of Africa GreenCo Group, is launching the pre-qualification process for the selection of an independent power producer (IPP) that will build a solar photovoltaic power plant with a capacity ranging from 10 to 40 MWp. Interested IPPs have until March 21st, 2021 to apply. This comes after Africa GreenCo’s subsidiary was given the go-ahead by the Zambian authorities to play a major role in Zambia’s electricity sector, along with the state-owned Zambia Electricity Supply Corporation (ZESCO). Unlike ZESCO, which distributes electricity…

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InfraCo Africa to finance construction of Golomoti solar project in Malawi

MALAWI – Sub -Sahara infrastructure fund InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), and its project partner, JCM Power (JCM), have announced their commitment to finance construction of the 20MWAC Golomoti Solar project with a 5MW/10MWh lithium-ion battery energy storage system (BESS) in Malawi. Golomoti Solar will be the first commercial-scale solar photovoltaic plant in Malawi to include a BESS, and along with its sister project, Salima Solar, Golomoti is among the first commercial-scale solar photovoltaic plants in the country. “As part of our commitment to Malawi’s renewable…

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InfraCo Africa becomes anchor investor in Acorn Holding’s US$10m REIT

KENYA – InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has subscribed to the Acorn Holdings Ltd (Acorn) Real Estate Investment Trust (REIT) by investing US$10 million enable Acorn to scale its business. The investment will help build the company’s track record of delivering purpose-built student housing in Kenya and helping to mobilise local capital markets. “This subscription marks our first investment into affordable housing, and I am delighted to take this step with Acorn, a well-respected developer of high quality student accommodation,” InfraCo Africa’s CEO, Gilles Vaes noted. “Expanding Acorn’s…

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InfraCo partners GLS to construct commercial warehousing facility and operations

LIBERIA – InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), and Global Logistics Services (GLS) have signed an Engineering, Procurement and Construction (EPC) contract with Liberian contractor, BMC Group, to enable construction to commence on the Liberia Inland Storage Facility (LISF) project. InfraCo Africa will be the majority shareholder in the project which will develop Liberia’s first open-access commercial warehousing facility and operations. LISF is being developed by InfraCo Africa, with CPCS Transcom (CPCS) acting on their behalf, in partnership with Liberian logistics company GLS Group. “The LISF…

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