Escotel secures US$25m from World Bank’s MIGA for solar power generation in West Africa

WEST AFRICA – Escotel Mauritius, an energy services company, has secured a guarantee of up to US$25.6 million from MIGA, a member of the World Bank Group, to cover its investments in solar power generation in Sierra Leone and Liberia for a period of up to ten years. The MIGA guarantees provide protection to Escotel Mauritius against the risks of Transfer Restriction, Expropriation, and War and Civil Disturbance. MIGA’s guarantees will support the provision of electricity and logistical services to power existing and future cell phone towers (Telecommunication Network Sites…

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