Africa50 Reaches Financial Close for Solar Plants in Egypt

Africa50, the infrastructure fund for Africa, Scatec Solar and Norfund have signed the long-term financing documentation for the 400 MWDC utility scale photovoltaic (PV) power plants in Egypt for which they had previously entered into a Joint Development Agreement (JDA). The project, which was developed under the second round of the Egyptian Feed-in Tariff Program, reached financial close on October 27.

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Senegalese President Sall Hails Africa50’s Cooperation with Senelec to Develop the Malicounda Power Plant

Casablanca, Morocco, September 21 -- At its second annual Shareholders Meeting in Dakar on September 12, Africa50, the infrastructure fund for Africa, signed a development agreement with Senelec, Senegal’s electricity provider, for competitive selection of a strategic sponsor to develop a 120 MW combined cycle thermal power plant at Malicounda. Together, the consortium will secure financing and supervise construction and operation of the plant.

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Africa50 Invests in Solar Power in Egypt

Casablanca, Morocco, September 12. Africa50, the infrastructure fund for Africa, has entered into a joint development agreement (JDA) with Scatec Solar and Norfund for 400 MWp utility scale photovoltaic (PV) power plants at the Benban site north of Aswan, Egypt.

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Africa50 Gains Guinea and Democratic Republic of Congo as Shareholders; Highlights Strategy and Investment Pipeline

Dakar, Senegal, 12 September 2017 - Africa50, the pan-African infrastructure investment platform, held its third Shareholder Meeting in Dakar on Tuesday, September 12.

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Africa50 to Announce its New Strategy, New Investments, and New Members at its Shareholder Meeting in Dakar on September 12

Casablanca, Morocco, 7 September 2017 - Africa50, the pan-African infrastructure investment platform, will hold its third Shareholders Meeting in Dakar on Tuesday, September 12, at 11:00 a.m. at the King Fahd Hotel.

Categories: Press Releases